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BNY Mellon said that it had begun expanding its middle office outsourcing service for hedge funds to North America and Asia.
June 7 -
A former employee pleaded guilty Monday in federal court to helping Bernie Madoff create false records for investors.
June 7 -
State Street Bank this week announced plans to offer a cloud computing service geared to investors and investment professionals.
June 6 -
Four FaithShares' exchange traded funds (ETFs) tailored for individual Christian denominations are being discontinued due to flagging investor interest.
June 6 - PH
A massive majority of respondents, 80%, expect a return call within 12 hours, and a very small number, 17%, feel that returning a call the next day is good enough.
June 6 - Money Management Executive
BNY Mellon Asset Servicing, the asset servicing arm of Bank of New York Mellon, has signed Edward Jones as the first broker-dealer to use its subaccounting services for 529 plans, a type of tax-advantaged college savings plan.
June 6 -
Forty-one percent of the more than 2,000 high-net worth individuals surveyed in the Barclays Wealth Insights report said they wish they had more control over their finances, which is critical since emotions can cost investors up to 20% in returns over a decade if they buy high and sell low.
June 6 -
The Securities Exchange Commission and the Financial Industry Regulatory Authority (FINRA) are warning investors to make sure they truly understand the risks associated with investing in structured notes with principal protection before they get burned.
June 6 -
Rockefeller Financial this week named John O'Hara, Jr. as its new managing director and senior advisor where he will be responsible for new business development activities.
June 6 -
Two affiliates of Palmer Square Capital Management have launched new mutual funds. The funds are the Nuance Concentrated Value Fund from Nuance Investments and the Tortoise MLP & Pipeline Fund from Tortoise Capital Advisors.
June 6
