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Standard & Poor's has launched the MILA 40 Index, tracking the largest and most liquid stocks trading on the Mercada Integredo Latino Americano (MILA) platform, the joint venture of the Chile, Columbia and Peru stock exchanges. Stocks in the index must have market caps above U.S. $100 million.

Exchange-traded fund assets rose 0.8% in July to $1.086 trillion, up from $1.077 trillion in June, the Investment Company Institute reports. Assets rose 32% from $821 billion a year ago, July 2010.

A lot of the banks actively unloading problem loans share a telling characteristic — ownership by big private equity groups or hedge funds.

In 2008, Barack Obama was the toast of Wall Street. The nation's biggest banks were among the most lavish contributors to the Democratic upstart's presidential campaign. But so far in the 2012 race, the six largest U.S. banks have switched sides in a dramatic way, and are giving far more money to GOP hopeful Mitt Romney than they are to the sitting president, according to the most recent campaign-finance reports.

Investors relieved by the relatively minimal impact of Hurricane-turned-Tropical Storm Irene pushed stocks higher Monday as the Dow Jones Industrial average stormed up 254.71 points to close at 11,539.25.

UBS Wealth Management Americas has hired three Bank of America Merrill Lynch financial advisors in Farmington Hills, Mich., who previously oversaw $450 million in client assets.

When managing investors’ financial lives through a major storm like Hurricane Irene, keeping in touch and relying on a network of offices was key to helping advisors and their clients pull through.

BlackRock has filed to create proprietary indexes for its iShares exchange-traded funds. The indexes will be "transparent to the public," the exemptive order says, indicating the indexes could be for actively managed ETFs.

Although Hurricane Irene may have wreaked havoc on millions of households across the East Coast, the storm had little impact on core post-trade clearing and settlement activities.

It may be true that past performance doesn’t guarantee future results, but a long track record may play well with investors during these tumultuous times. And that’s exactly what some prominent blended funds bring to the table.

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Many financial advisors are able to successfully pitch their own story ideas, place their own bylined content with reputable media outlets and navigate the PR waters on their own without the help of a professional PR firm or marketing consultant. But if you want to generate more interviews and media success, you’ll want to steer clear of these harmful (and potentially fatal) rookie blunders.

Helping with clients with a wide variety of financial planning issues, including tax preparation, is a big part of the strategy at Vintage Financial Services of Ann Arbor, Mich. according to Frank Moore, the firm’s founder and chief investment officer.

The New York Stock Exchange, the Nasdaq Stock Market, Direct Edge and BATS Global Markets said they will open for business at 9:30 a.m. Monday, for normal operations.

Touchstone Investments has launched the Touchstone Merger Arbitrage Fund, which will seek to achieve positive returns over the long-term, regardless of market conditions, by investing in companies involved in publicly announced mergers or other corporate reorganizations.

While economists have predicted U.S. GDP growth of 3.1% over the next 12 months, Mellon Capital Management foresees growth of 2.0% -- primarily due to government policy stalemates and the lingering impact of the debt crisis in Europe.

A rare public rebuke of a rogue attorney general by his colleagues has highlighted the dysfunction among the state AGs and raised doubts about their ability to strike a settlement deal with the largest mortgage servicers.

There are a lot of technology nightmares that follow a merger, but untangling contracts for software and other systems is one of the biggest.

The Dow Jones Industrial average rallied up another 135 points, or 1.2%, to close at 11,284.54 Friday, closing out a week that saw gold prices swoon and some semblance of investor confidence restored.

While economists have predicted U.S. GDP growth of 3.1% over the next 12 months, Mellon Capital Management foresees growth of 2.0%—primarily due to government policy stalemates and the lingering impact of the debt crisis in Europe.