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Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
47m ago -
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
2h ago -
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
2h ago -
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
3h ago -
The accusations led to the end of 16 years at the firm.
July 15 -
In an earnings call Tuesday, CEO Charlie Scharf credited brokers in the firm's branches for working with consumer bankers for a 10% increase in new assets.
July 15
March 20, 2008, 9:08 a.m. EDT 1 Min Read
While the Securities and Exchange Commission looks into unusually high put activity at Bear Stearns beginning on March 7, a handful of hedge fund managers used their magical touch as far back as the summer to foresee what was going down with regards to the subprime exposure at the investment firm.
Thus, the hedge fund managers handily earned themselves millions. As The Journal puts it, the asset managers are undoubtedly trying to contain their joy among all the gloom on Wall Street.
Also this morning, the Associated Press cites a regulatory filing indicating that U.K. billionaire Joseph Lewis is valiently attempting to hold onto his 8.4% stake in Bear Stearns.
And further across the pond, the Russian police have raided the Moskow offices of energy joint venture TNK-BP. So while the market gyrates with bad news from Bear Stearns, there is, of course, always the counterplayas evidenced by JPMorgan Chase, Mr. Lewis, Greenlight Capital and other savvy hedge fund managers.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.
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