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Carnegie Investment Bank AB, a Stockholm-based independent financial institution, has decided to let go of its asset management business and transfer ownership to investment companies Altor Equity Partners and Bure.

Lenders will be required to notify borrowers when their loans are made on terms that are less favorable than those offered other borrowers under rules completed Tuesday by the Federal Reserve Board and the Federal Trade Commission.

A former Merrill Lynch southeast regional managing director has been tapped to run JHS Capital Advisors, the brokerage arm of the firm founded by former GunnAllen chairman John Sykes.

The Securities and Exchange Commission filed securities fraud charges against an Austin, Texas investment advisor and two of his businesses alleging he conducted a “multi-million dollar scam” that used former professional football players to promote its offerings.

The Vanguard Group said it plans to introduce its first actively managed equity fund in five years, the Valley Forge, Pa., company announced Monday.

In an effort to alleviate investor anxiety, fixed-income guru Bill Gross has taken over daily responsibility of four of Pacific Investment Management Co.’s close-end bond funds.

Less than three months after announcing a massive acquisition that would more than double the size of its business, the chairman of Invesco Ltd.’s Aim Funds said the Houston fund company isn’t done yet.

Piper Jaffray Cos. said Monday that it will expand its asset management business by buying a privately held Chicago firm.

Marsh & McLennan Agency LLC has been making acquisitions as part of its strategy to expand its national business and serve mid-sized companies across the United States.

Jackson National Life Insurance Co. announced two senior executive promotions within its operations and information technology units.

Jay Peroni had been a financial advisor for over seven years when a client asked him a question he could not answer: “Can I expect God to bless my investments if I’m investing in things that oppose his word?”

A Financial Industry Regulatory Authority (FINRA) arbitration panel in North Carolina has rejected claim of raiding and unfair competition by Wachovia Securities LLC against broker Stifel Nicolaus & Co. Inc., and ordered Wachovia to pay $1.11 million in attorneys’ fees.

New York-based American International Group Inc. scored a victory in California Superior Court after a judge dismissed a lawsuit filed by a financial planner.

Corporate greed, moral hazard, lax oversight and foolhardy underwriting all contributed to the crisis in finance. Another factor, less useful for sloganeers but no less insidious, was the simple mispricing of risk.

Morgan Stanley has promoted Edward Keller to head of its U.S. prime brokerage business, according to an internal memo obtained by Investment Dealer's Digest.

Bank of New York Mellon Corp. has been gobbling up acquisitions throughout the recession in its quest to expand its business and extend its geographic reach.

The Securities and Exchange Commission is adjusting fees for some transactions as part of its requirement to keep collections stable.

Fidelity International has named Arne Lindman as president and CEO of its Asia Pacific operations.

Total assets of money market mutual funds continued their fall with a drop of $51.13 billion in the latest week to $3.269 trillion, according to the Investment Company Institute.

A growing number of employers are planning to incorporate annuities into their 401(k) plans as companies look for ways to provide workers with steady benefits in retirement, according to a survey by Watson Wyatt.