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Recent economic chaos has delayed banks' near-term merger plans but gives weaker institutions even more reasons to sell the franchise in the long run.

The list of objections to the risk retention proposal appears endless. While most of the attention so far has focused on an exemption to the plan for "qualified residential mortgages," bankers' fears about the proposal go far beyond that.

Ladenburg Thalmann Financial Services will acquire Securities America, the embattled, independent broker-dealer subsidiary of Ameriprise, for an initial payment of $150 million in cash, according to a company statement released Wednesday morning.

A senior employee known as an aggressive workaholic, but who seems stressed, yet rarely takes vacations, declines promotions and zealously protects his business unit from outside scrutiny while personally handling choice vendors may be up to something devious.

The Dow Jones industrial average closed out its first losing session in four days Tuesday as investors sold shares despite the best efforts of German and French economic leaders to assuage fears that debt issues will hamstring their respective economies.

With the market and economy turbulent, fund managers are steering away from equities and toward the safe haven of cash.

Despite the continued frenzy of fear that has whiplashed the stock market recently, John Coyne, President of Brinker Capital, says that the U.S. economy's fundamentals are strong.

Social networking? Everyone's doing it. Particularly your next generation of fund customers. You will want to reach them, as they walk and talk through the Internet.

The Retirement Income Industry Association this week announced that Duncan Williams, a graduate instructor in the personal financial planning division at Texas Tech University, and his advisor, Michael Finke, an associate professor and coordinator at the university, will receive the first Academic Thought Leadership Award at the association's Fall Conference & Awards Gala in Boston in October.

African-American financial advisors just need to look at The Washington Group, headed by managing partner Leo Tucker, to appreciate the realities and the upside potential of their chosen careers.