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For banks such as Signature, New York Community Bancorp and Sterling Bancorp, it is small and midsize businesses like fish-market vendors at Hunts Point in the Bronx that are fueling loan growth. Commercial lenders in around the city also said they are benefitting from rock-bottom vacancy rates for apartments.
August 3 - Money Management Executive
Approximately $13.2 billion flowed into exchange-traded prodcuts in July, according to statistics compiled electronically by National Stock Exchange.
August 2 -
Wells Fargo Advisors has hired four new financial advisors overseeing about $568 million in customer assets in Michigan.
August 2 -
With markets reacting negatively to concerns about a weakening U.S. economy, investors might do well to look at the consumer staples sector, according to Standard & Poor's equity analyst Thomas Graves in a new report released Tuesday.
August 2 -
Its a good time to be an emerging markets bond ETF. Powered by investor demand for exposure to debt from places like Brazil and China, funds from Van Eck Global, Wisdom Tree and elsewhere have gathered assets at a crisp pace.
August 2 -
Reversing a decision of a lower court. U.S. District Court for the Southern District of New York Judge Jed S. Rakoff is allowing a SEC lawsuit against Marc Gabelli, son of Mario Gabelli, to proceed.
August 2 -
The Federal Deposit Insurance Corporation (FDIC) closed out the first half of the year by closing down another three banks, bringing its total number of closings for first six months of 2011 to 61. More troubling, however, is the fact that it now has identified another 888 as "problem institutions."
August 2 -
According to Strategic Insight’s latest report, “Emerging Market Bridges: All Eyes on Asia and Latin America for Fund Managers and Private Banks,” local developed markets will continue to struggle for the foreseeable future, and investment professionals should look to the growth centers of Asia and Latin America to drive performance.
August 2 -
American Century has launched the American Century Global Real Estate Fund, managed by Steven Brown. He will be supported by analysts Steven Rodriguez and Vishal Govil.
August 2 -
The Defined Contribution Institutional Investment Association has issued a report calling on employers to limit leakage from 401(k) plans, “Plug the Drain: 401(k) Leakage and the Impact on Retirement.”
August 2

