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"The greatest stimulus package in the world is certainty. For the past two years we have not had certainty," Bob Reynolds, president and chief executive of Putnam Investments told the Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

Wachovia Bank NA, currently Wells Fargo & Co., has reached a tentative settlement of a class action suit with municipal issuers over antitrust charges of bid-rigging for municipal investment, derivatives and other contracts.

BOSTON—“The greatest stimulus package in the world is certainty. For the past two years we have not had certainty,” Bob Reynolds, president and chief executive of Putnam Investments told the Fund Forum USA’s Global Fund Distribution Summit here Tuesday.

The ongoing decline of both public and private pension plans has afforded life insurers space to offer products that guarantee a person an income stream for life.

Raymond Stacy and Christopher Pieper join Bank of America Merrill Lynch in Fort Mitchell, Ky.

The largest and most successful asset managers are structured as partnerships, Bob Pozen, chairman emeritus of MFS Investment Management, told attendees at Fund Forum USA’s Global Fund Distribution Summit.

Nasdaq OMX Group and a unit of Canada’s TMX Group said they are developing a family of capital markets indices based on U.S. Treasury instruments that will be rebalanced daily, instead of monthly.

The proliferation of new regulations emanating from the Dodd-Frank Act, Basel III and Solvency II are collectively inducing an outpouring of technology spending from companies in the financial service sector, a new report finds.

BOSTON—The largest, and most successful, asset managers are structured as partnerships, Bob Pozen, chairman emeritus of MFS Investment Management, told Fund Forum USA’s Global Fund Distribution Summit here Monday.

The owners of Standard & Poor’s Indices and Dow Jones Indices will create a joint venture in index services.

NEW YORK--Citigroup Chief Executive Vikram Pandit said MF Global’s woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.

NEW YORK--Securities and Exchange Commission Chairman Mary Schapiro said Monday that the regulator had boiled down its plan to propose fundamental reform to the operation of the nation’s money market funds.

Commodity Futures Trading Commission chairman Gary Gensler said Monday he recused himself from the regulator’s probe of the failure of derivatives player MF Global, because “I didn't want my participation to in any way be a distraction.''

SEC Chairman Mary Schapiro said reform of money market funds boils down to creating a dedicated capital buffer, to protect against runs, or letting the net asset value of such funds float, day by day, long anathema in the industry.

Commodity Futures Trading Commission chairman Gary Gensler said Monday he recused himself from the regulator’s probe of the failure of derivatives player MF Global, because “I didn't want my participation to in any way be a distraction.''

Krawcheck calls for more diverse perspectives -- not necessarily based on gender or race -- and talks about the importance of appealing to younger investors put off by the struggling economy and Wall Street scandals.

The whipsaw of stock prices this year is not due to faulty functioning of markets, say exchange operators. Tinkering with market data or other parts of a "highly tuned engine" must be carried out carefully, as a result, said Goldman Sachs' head of U.S. equities trading.

Citigroup Chief Executive Vikram Pandit said Monday that MF Global’s woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.

Eileen Rominger, director of the Securities and Exchange Commission's division of investment management, testified last month before the U.S. Senate that the commission is reviewing whether the widespread use of exchange-traded funds is contributing to market volatility.

"A Random Walk Down Wall Street," written by Princeton economist Burton Malkiel, was first published in 1973.