Subject Root Tag

"America's global bank," as Citigroup was dubbed this year by its chief executive, has finally found something in America to be encouraged about.

Expect moderate growth of 2%, led a gradual rise in consumer spending, private-sector investment and more spending by the federal government, at least until the 2011 tax season. That’s what Wells Fargo’s economic group is predicting for the near future of what it describes as a fairly boring recovery.

RiverPark Advisors has launched a new family of no-load open-end mutual funds, three of which will invest in large-cap stocks.

Center State Bank of Florida in Winter Haven seems to have entered the correspondent banking business at the perfect time.

Institutional investors’ outlook for global growth improved in the third quarter, with more than two-thirds, 68%, saying a double-dip recession is unlikely, a survey of 83 managers by Northern Trust Global Advisors found.

The Hartford Financial Services Group has launched a new educational program to encourage participation in 401(k)s and other defined contribution plans.

Neighboring community banks recently have been making deals with local competitors before out-of-market buyers get interested.

When the bill was signed into law by President Obama in July, an era marked by a flood of federal investigations sparked by bounty-hunting employees looking to cash in on rewards that, in some cases, could turn them into instant millionaires began.

RBC Wealth Management continues to expand asset management capabilities

The Internal Revenue Service has issued final regulations under a law change that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years, making it easier for investors to report their gains and losses next year on their tax returns.

Volatile equities markets and heightened EU sovereign credit risk during the second quarter of 2010 have drawn significant attention to mutual fund performance. Beyond the challenges posed by the current market environment, mutual fund managers are also contending with a variety of strategic, operational and tactical changes that are reshaping their firms and the industry as a whole. Three key areas that should be firmly in their sights are:

The mystery of why America continues to rely on foreign oil and contaminate its environment-and subsequently why the green industry holds the promise of becoming a $6 trillion market but remains speculative, volatile and fragmented-is answered in the intriguing book, "The Climate War: True Believers, Power Brokers and the Fight to Save the Earth" (Eric Pooley, Hyperion, 2010).

Ben Woloshin has joined New York Life as head of relationship management for retirement income security (RIS), reporting to Executive Vice President Chris Blunt. Woloshin was previously with Goldman Sachs as vice president in the reinsurance group, responsible for institutional relationships.

Discounting for July’s fee bump, bank-based advisors narrowly increased production in August.

Asset held in exchange-traded funds increased 10.6% in September.

The platform can handle a wide range of products and models.

The American Institute of CPAs has told the Securities and Exchange Commission that accountants need an adequate transition period if the SEC decides next year to incorporate International Financial Reporting Standards into the U.S. financial reporting system.

Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial, has agreed to pay $22.5 million to the Securities and Exchange Commission, the largest-ever financial penalty for a public company senior executive.

The Shanghai Stock Exchange will create exchange-traded funds based on depositary indices maintained by BNY Mellon.

The government seized three Midwest banks late Friday, costing the Deposit Insurance Fund just over $500 million.