News Feed

SEI finds that talking about money may still be taboo.

BB&T became the latest bank to roll out a new mobile banking application, giving business and consumer customers the ability to check balances and pay bills from their Android-powered smartphones and tablet PCs.

Investors tired of miniscule returns from their money market accounts and intrigued by small-cap funds in a variety of industries pumped more than $11.3 billion into diversified U.S. equity mutual funds in the first quarter and more than $14.8 billion into global sector funds.

Waddell & Reed Financial, the Overland Park, Kansas, mutual fund complex, said it earned $45.6 million, or $0.53 per diluted share, in the first quarter.

And global sector equity funds saw $14.8 billion in inflows.

The index rose to 65.4 in April, up from 63.8 in March.

A Florida CPA who pled guilty to a tax misdemeanor for assisting his client, a self-proclaimed priest, in hiding income from the IRS, has had his suspension from practice extended after the IRS Office of Professional Responsibility won an appeal challenging the original length and date of suspension.

Market participants slammed the Municipal Securities Rulemaking Board’s new draft Rule G-43 for broker’s brokers, calling it everything from irresponsible to anti-competitive.

"Capital at the bank has been extremely consistent quarter after quarter," Levan notes. But now with the parent company's equity position negative, time is running out on BankAtlantic.

Bank executives are sounding considerably less positive about Basel III than they did when global regulators announced final international capital and liquidity standards last year.