Special Program Root Tag

BNP Paribas has pushed to reorganize its corporate and investment banking business in the Americas by making some key staffing swaps within equities, derivatives and structured finance, the firm said yesterday.

Noted money manager Stanley Druckenmiller is shutting down his investment advisory firm Duquesne Capital Management, after 30 years.

For all those young investors out there who are willing to take more risk with their retirement plans because of their longer time horizon, Vanguard has a new fund for you.

By Ruthie Ackerman

The Securities and Exchange Commission's top regulator of mutual funds, hedge funds and other investment firms is leaving.

Investors are more optimistic this month about the economy than they were last month, according to a survey released on Tuesday.

The U.S. Patent & Trademark Office is expected to award a patent Tuesday to a financial technology firm for a cloud computing system that allows securities firms and, potentially, regulators to manage market-wide risks up to the millisecond, without adding any delay to transactions as they are executed.

Broadridge Financial Solutions said it agreed to acquire NewRiver, which operates and maintains a proprietary database of public documents on mutual funds and pioneered the electronic prospectus.

Ameriprise Financial Inc. plans to reduced the lineup of mutual funds run by Columbia Management, but step up marketing and add jobs, according to a report in the Boston Globe.

The Financial Industry Regulatory Authority is being told by some compliance and financial reporting experts that its proposed requirement for broker-dealers to cough up more detailed and frequent financial reports could be too cumbersome and costly to follow.

The Tuition Plan Consortium said Monday it re-launched Independent 529 Plan as Private College 529 Plan, to foster pre-purchasing of tuition fees as present rates.

Bank of America is rumored to be considering selling its 34% stake in BlackRock, according to The Wall Street Journal. Now the question is whether the bank is looking to get out of asset management altogether.

Fiserv said it hired former JPMorgan Chase executive Sean Gallagher as president of its Investment Services division.

Edward Jones, a St. Louis-based brokerage firm, announced Monday that it has added 12 model portfolio to its mutual fund and exchange-traded fund advisory program.

BlackRock Inc., the world's largest money manager, said on Monday it will buy Taiwanese fund management firm Primasia Investment Trust.ust.

TickLab to SEC: Create

A "Flash Crash" that can cause individual stocks to lose more than 90% of their value in 10 seconds remains a looming risk to capital markets, according to the chief financial officer of Accenture, the global consultant.

The U.S. economy has been so sickly for so long now it's hard to remember just a few years ago, people in this country were blissfully, ignorantly riding the wave of a housing bubble into what they figured would be a long and fruitful retirement.

Perkins Investment Nabs Veteran Consultant Ron Zia

Hassan Elmasry, founder and managing partner at Independent Franchise Partners, LLP, is one of the successful money managers bravely leaving Wall Street to venture out on their own. After nearly 15 years as a managing director at Morgan Stanley, where he ran the Global Franchise and American Franchise equity strategies, since June of 2009, he has been running his portfolio at Franchise Partners LLP in London.