Practice

Many consumers don't know what near-field communication is, but the services the technology enables are becoming quite popular. That puts an onus on mobile payments projects that use NFC to move beyond disputes over revenue and other issues.

After months of complaints to Congress about overzealous examiners, frustrated community bankers took the matter one step further on Friday by pressing a House panel to pass legislation that would force regulators to be more lenient.

American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said.

American workers lapsed into investing inertia after the market collapsed in 2008, but standing still actually benefited many and helped their workplace retirement plan balances rebound by 31% between 2007 and 2010, Vanguard said this week.

SIX Swiss Exchange and Liquidnet said Thursday they had launched a trading platform that will allow global financial institutions to draw on five previously untapped European markets in finding buyers or sellers.

Wealth management firms are risking losing clients to competitors, losing a chance to gain new business through client referrals and are missing opportunities to deepen relationships with existing high-net-worth investors, according to a new study by Aite Group, an independent Boston-based research and advisory firm focused on the financial services industry.

According to a new Barclay's Wealth report, emotional trading can cost even the most well-heeled investor about 20% in returns over a decade. Still many persist in making too many trades in the pursuit of huge returns.

The New York-based independent broker-dealer wanted something homegrown and less convoluted compared with some of the other social media systems it had explored.

Bank of America subsidiary Merrill Lynch Professional Clearing Corp. has been ordered to pay hedge fund clients Rosen Capital Partners and Rosen Capital Institutional $63.7 million plus interest for an arbitration case dating back to the height of the financial crisis.

Yes, the 34,000 customer records lost last month by Morgan Stanley Smith Barney is a shadow of the 100 million customers affected by the repeated break-ins to the Sony Playstation Network this year.