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Its often noted that a companys stock gets a bump in value when the company is voted into the Standard & Poor's 500 index, because index fund managers have to buy it. And if a company gets booted out, the same managers must sell.
June 24 -
Endace, a network monitoring infrastructure firm, has teamed up with Verizon to help financial firms prevent losing critical market data from trading venues.
June 24 -
There is a great divide in the economic outlook of the 18% of the population earning $100,000 or more and the 50% earning $50,000 or less, the Consumer Reports Sentiment Index shows.
June 24 -
INGs U.S. retirement division is attempting to pursue the small- and mid-sized defined contribution business through the banking channel and with a convenience payroll strategy.
June 24 -
The Supreme Court has agreed to hear a Real Estate Settlement Procedures Act case whose outcome could shield banks and other lenders from litigation under a wide range of federal and state laws.
June 24 -
It turns out banks are reluctant to help dig their own graves. In letters to federal regulators, several institutions said they remain worried about a requirement that they submit a "living will" outlining how best to dismantle them in a crisis.
June 24 -
Sure, the economy is looking weaker these days, but fears about a double-dip recession are overblown, according to researchers at the money management firm Lord Abbett.
June 23 -
The Financial Planning Coalition, a group that includes several organizations representing thousands of financial advisors, this week released a copy of a petition it sent to the Securities and Exchange Commission, asking the regulatory agency to extend the definition of fiduciary standard to include anyone providing personalized investment advice to retail clients.
June 23 -
ING’s U.S. retirement division is attempting to pursue the small- and mid-sized defined contribution business through the banking channel and with a convenience payroll strategy.
June 23 - Money Management Executive
Pershing, a BNY Mellon company, has added funds from Altegris, Invesco and TIAA-CREF to FundVest, its no-load mutual fund platform for broker-dealer clients that now features 4,300 funds from 230 fund families.
June 23

