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The company cited $1.6 billion of debt as of June 30.

Despite his regulatory scrapes — and the defeat of getting forced out of the bank he built into a regional powerhouse — Vernon Hill is not giving up on the industry.

Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

With investors still trying to heal from the economic crisis that tore through the global economy, many are pouring their dollars into bond funds. But there are still challenges going forward and many need help navigating their options, said investment experts and fund managers from The Hartford at a luncheon in New York City Tuesday.

Americans are not going to neglect their finances. Actually, 65% of respondents said they planned to save more money in the coming year.

Regardless of the size of the investor, it seems that timely communication can save a relationship, or at least stall its demise.

Sen. Christopher Dodd said the work is far from done in terms of regulatory reform.

Roth IRA conversions have spiked at Bank of America in the past year

The Financial Industry Regulatory Authority said it fined Goldman, Sachs & Co. $650,000 for failing to disclose that two of its registered representatives had received Wells Notices, which indicate that investigations of operating practices are under way.

Robert Kelly, Bank of New York Mellon’s chairman and chief executive officer, said a “huge" amount of uncertainty remains in the economy and until the housing situation is sorted out and unemployment is reduced, the financial system will remain uncorrected.

NEW YORK—Absolute-return funds may now only total $140 billion, a scant 1.2% of the $11.26 trillion in mutual funds, but that will grow to 10% to 15% over the next decade, predicts Putnam Investments President and Chief Executive Officer Robert Reynolds

FINRA sanctioned the New York-based company with a $650,000 fine and ordered it to review its procedures and systems and document corrective measures

UBS Wealth Management Americas hired three advisors from Morgan Stanley Smith Barney in its Los Angeles operation.

Charles Schwab announced on Tuesday that ETF assets exceeded $100 billion, in part because of the success of Schwab’s own ETF products.

LPL advisor Stephen Wedel is wowing clients by creating retirement income streams out of investment sources most advisors don’t touch.

PineBridge Investments has hired George Hornig, the former managing director and co-global chief operating officer at Credit Suisse Asset Management, to serve in a similar capacity at the New York-based institutional and individual investment management firm.

Though banks surveyed by the Federal Reserve have reported a gradual loosening of credit standards in recent quarters, it may be a while before lending standards return to normal.

“We have just established a framework,” the Connecticut Democrat said at SIFMA's annual conference on Monday. “The rest is up to regulators and many in this room. It is the government’s duty to set the parameters and remain a vigilant watchdog.”

Assets in U.S. exchange-traded funds rose to $924.9 billion as of October 31 - its highest level on record - up $39.9 billion or 4.5% during the month.

In another outgrowth of the May 6 Flash Crash, the Securities and Exchange Commission Monday approved rules that would effectively prohibit "stub quotes" in the U.S. equity markets.