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Columbia Management has launched the Columbia Acorn Emerging Markets Fund and the Columbia Acorn European Fund, each of which will invest in companies with market caps of less than $5 billion.

JPMorgan Chase & Co. has agreed to pay $88.3 million to settle charges related to apparent violations of economic sanctions dating back to 2005.

Warren Buffett's $5 billion public vote of confidence in Bank of America, happily for him, does not require actual confidence. The terms of the legendary investor's deal, which grants Buffett's Berkshire Hathaway Inc. $5 billion in perpetual preferred stock and warrants to buy B of A stock at just over $7 a share, include no lockup period.

Compliance professionals don’t think the Dodd-Frank Wall Street Reform and Consumer Protection Act will lead to a significant increase in compliance spending this year and they expect more money will be allocated to technology rather than education and consulting, according to a new study conducted between March and April by National Regulatory Services (NRS).

The Dow Jones Industrial average lopped off 171 points to finish at 11,149.82 while the Nasdaq composite fell 48 points, or 2%, to close at 2,149.16.

Morgan Stanley Smith Barney has hired a two-member Wells Fargo Advisors team in its Rancho Santa Fe, Calif. office.

UBS Wealth Management Americas has hired Morgan Stanley Smith Barney financial advisor Brian Zalewski in Chicago.

Total life insurance sales in the second quarter of 2011 slowed a bit from the pace of the first quarter, but were still marginally better than the same period a year ago, reports LIMRA, the Windsor, Conn.-based insurance and financial services research institute.

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina. The storm is shaping up to be the strongest to hit the East Coast in 20 years, and financial firms are scrambling to minimize the impact on their technology and operations. Here's what you and your firm need to know and do to prepare for Irene's wrath.

S&P equity research analysts say iconic founder Steve Jobs' resignation from an active management role at Apple isn't dissuading them from recommending the company's shares, but investors may still want to at least check their portfolios to see just how many Apple shares they actually own.