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On the same day that FocusShares announced its exit from the exchange-traded fund business, Russell Investments announced today that it is "conducting a strategic review of its direct U.S. ETF business in an effort to focus more exclusively on its core competency."

A former UBS AG municipal-bond executive told an ex-colleague to forget about a transaction as they discussed how to handle an expanding government probe of bond big rigging, the second man testified at trial.

Sandy Weill's call to break up the big banks by restoring the Depression Era law has sparked a backlash among some who argue it would not help prevent the next crisis.

Canadian Imperial Bank of Commerce has agreed to buy MFS McLean Budden's private-wealth business.

On August 8, 2012, David Wray, president of the Plan Sponsor Council of America, will retire from his post as president of the PSCA at the end of September.

FINRA has fined Wedbush Securities $300,000 and levied an additional $25,000 fine and suspension for its president, Edward Wedbush.

Here's a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

On August 7, 2012, Et Tu, Russell?

On August 7, 2012, One exchange-traded fund provider is calling it quits after deciding to pull the plug on its external PR efforts.

Portfolio managers from Huntington Asset Advisors' US Equity Rotation Strategy ETF discuss their top picks in IT and health care.