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MF Global Holdings Ltd. this week appointed David Simons as its new global head of operations where he will oversee the management and strategic development of trade processing and clearing operations.

Yes, the 34,000 customer records lost last month by Morgan Stanley Smith Barney is a shadow of the 100 million customers affected by the repeated break-ins to the Sony Playstation Network this year.

The Technical Committee of the International Organization of Securities Commissions Wednesday published a Consultation Report aimed at developing recommendations to mitigate risks posed to the financial system by technological developments, such as high frequency trading.

While the Federal Deposit Insurance Corp. made significant progress Wednesday toward building its new resolution regime, it left a key component still on the table.

J.P. Morgan Asset Management has been selected as the investment manager for New York’s $1.9 billion 529 college savings plan. After completing the extensive request for proposal process, J.P. Morgan said, negotiations will now begin on the details of the seven-year agreement.

Continued scrutiny by regulators and legislators on the fees and outcomes of 401(k)s and other defined contribution plans is pressuring revenues at asset managers, advisors and recordkeepers and will shape the future of the DC retirement plan market, according to a new study from Financial Research Corp., “Trends in Retirement/401(k) Plans and Administration.”

As the economy falters amid recent market volatility and mixed labor reports, second quarter employee confidence related to job security, pay raises and the job market has retreated to levels last seen in the height of the recession, according to a survey of 2,203 adults by Glassdoor.

Bank of America subsidiary Merrill Lynch Professional Clearing Corp. has been ordered to pay hedge fund clients Rosen Capital Partners and Rosen Capital Institutional $63.7 million plus interest for an arbitration case dating back to the height of the financial crisis.

Merger and acquisition activity remained robust in the second quarter with more than $631.4 billion worth of deals announced -- up 35% from the year-ago quarter -- but down significantly from the $769 billion in deals unveiled in the first quarter.

No, it can’t be. Has the 15-year saga started by Anna Nicole Smith, as she tried to get money from the estate of her deceased husband, really come to an end?