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The Global Transaction Services unit of Citigroup Tuesday rolled out OTC Derivatives Service, which consolidates and streamlines the confirmation, settlement, valuation, collateral management, and margin management involved after a trade is executed. The system handles both middle- and back-office functions.

And 57% plan to continue working, an Insured Retirement Institute survey finds.

More than one-third of workers plan to save their tax refund, CareerBuilder finds.

Independent financial advisers blasted the Municipal Securities Rulemaking Board for its draft muni-adviser fiduciary duty rule, saying it targeted independent FAs while virtually exempting underwriters, some of which market themselves as advisers.

Questions about M&A are likely to dominate first-quarter conference calls among regional banks in the coming weeks. But beyond the standard "we're open to opportunities" line from ...

Following the extended failure wave and deficit in federal reserves, the Federal Deposit Insurance Corp. sounded decidedly more hopeful Tuesday about its future.

G. Kennedy Thompson, a former chairman and chief executive of Wachovia Corp., will join the board of BNC Bancorp in High Point, N.C.

According to Prudential, only one in four African-Americans surveyed use the services of a financial planner, but they want more financial guidance.

Until the Investment Adviser Registration Depository is adapted to handle the influx of advisors converting to state registration, not much will get done.