Subject Root Tag

The purpose of the institute is to provide in-depth investment insights to clients.

Six days after the Securities and Exchange Commission holds a roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

Six banks in four states met their demise and two new banks were chartered in their ashes in perhaps the busiest night the Federal Deposit Insurance Corp. has had so far in 2011.

Bankers are divided over a Federal Deposit Insurance Corp. plan to train bank employees on insurance limits and require tellers to question depositors about their accounts.

When it comes to social media most advisors will tell you “my clients don’t do that”. On the surface, this seems reasonable. However, if you have clients who work in corporate America, all bets are off.

Six days after the Securities and Exchange Commission holds a roundtable discussion regarding money market funds and systemic risk, the Investment Company Institute (ICI) will host its own one-day money market fund summit.

State Street Global Advisors has launched the SPDR Nuveen S&P High Yield Municipal Bond Exchange Traded Fund, developed in conjunction with Nuveen Asset Management, which will serve as sub-advisor. The fund seeks to track the performance of the S&P Municipal Yield Index.

BlackRock has launched the BlackRock Investment Institute, whose purpose is to provide investment insights to clients.

Complete coverage of these managers and their programs will be available in the magazine’s upcoming May issue, and an awards ceremony will be held May 17 at Bobby Van’s Steakhouse in New York.

Job listings rose year-over-year 23% and job searches rose 10% in March, CareerBuilder said. In addition, in a recent CareerBuilder survey, 31% of full-time workers said they will look for a new position as the economy improves, and 77% said they would be receptive to a new opportunity in 2011.

Dreyfus has launched the Dreyfus India Fund, rounding out its emerging markets offerings. Dreyfus affiliate Hamon U.S. Investment Advisors, which specializes in Asian investments, will sub-advise the fund. The Dreyfus India Fund will invest in both equities and fixed income, and seek companies with strong growth potential and that are attractively priced.

Vanguard's Jack Bogle argues for more competition.

Armed with stronger deposit growth, higher fee-based income and lower credit costs, BofA’s global wealth and investment management net income increased 22% from a year earlier. Revenue rose 11% to $4.5 billion.

The insurer signed a 5-year deal with IBM to transition its virtual desktop cloud environment to IBM's Smart Business Desktop Cloud solution.

Insurers may learn from how banks are addressing the fallout from the Epsilon data breach.

In addition, 55% don’t know how much they will need to retire.

A House oversight committee hearing slated to examine state and municipal debt Thursday devolved into an extended debate about collective bargaining, featuring two sitting governors from opposite ends of the political spectrum.

Tax-free municipal money market fund assets declined by $2.25 billion to $316.80 billion in the week ending April 11, representing a major acceleration of outflows from the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

Small business owners first crippled by the economic downturn and then further encumbered by a tight lending environment in its aftermath are set to hire more workers, make more capital investments and are reducing their retirement savings targets this year as they set their sights on growth and expansion.