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Two years after reaching a deal for Wachovia's crisis-time acquisition, Wells Fargo is only now beginning to integrate Wachovia's core markets.
October 18 -
A new book gives the traditional 60/40 investment approach a makeover.
October 17 -
On the heels of its $4.9 billion acquisition of Hewitt Associates, Chicago-based Aon Corp. announced a three-year restructuring plan centered on eliminating 1,500 to 1,800 jobs, which it expects will save the company $280 million annually.
October 15 -
Fidelity, a year after creating a dedicated transition management group, Fidelity Capital Markets, has appointed Kevin Byrne to lead the growing practice.
October 15 -
Broker-dealer Investment Professionals Inc. (IPI) and wealth management research and technology provider FundQuest have launched an enhanced managed accounts platform called Private Asset Management.
October 15 -
After developing a new performance-reporting service among smaller firms, Morningstar rolls out its service for broker-dealers.
October 15 -
The idea of a bond bubble keeps bubbling to the surface. The argument is sound. Interest rates are at all time lows. In the bizarro world of bonds this means that prices are at all-time highs. Meanwhile investors spooked by the stock markets are pouring into bonds the way they poured into, well, real estate before 2008 and technology before 2000.
October 15
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Small-business loans are becoming a bigger deal for large banks, as are the Small Business Administration's soon-to-be-released annual lender rankings.
October 15 -
A year after creating a dedicated transition management group, Fidelity Capital Markets, has appointed Kevin Byrne to lead the growing practice.
October 15 -
Mike Wells will replace Clark Manning as president and chief executive officer.
October 15 -
The fund gives investors exposure to Chinas A-shares market.
October 15 -
Aim is to help investors readily compare fees.
October 15 -
France, Germany and others, meanwhile, are uncomfortable with the powers of the EUs new securities regulator.
October 15 -
After a short-lived period of inflows last week, tax-exempt money market funds experienced $1.81 billion of outflows and settled at $330.29 billion in total net assets for the week ending Oct. 11, according to the Money Fund Report, a service of iMoneyNet.com.
October 15 -
The investment bank, bracing for increased market activity, named Bob Berry to oversee three senior M&A brokers.
October 15 -
Under existing rules, a bank with a 4 or 5 Camels rating cannot make such payments to parties terminating their affiliation with the institution.
October 15 - PH
After news of an 80% increase in dues sparked outcry on our discussion board, Marilyn Mohrman-Gillis, the CFP Board's managing director for public policy and communications, responded to readers questions.
October 14 -
European Union talks on granting hedge funds a Continental passport to do business and subjecting them to oversight by the new securities regulator has hit an impasse, The Wall Street Journal reports.
October 14 -
The Department of Labor’s Employee Benefits Security Administration will require 401(k) plans starting Jan. 1, 2012 to clearly spell out all fees and expenses each quarter so that investors can more readily compare the costs of their holdings.
October 14 -
Van Eck Global has launched the Market Vectors China ETF, a U.S.-listed exchange-traded fund that tacks the performance of the CSI 300 Index from China Securities Index Co. to give investors exposure to the A-shares traded on China’s two main exchanges in Shanghai and Shenzhen. These shares account for 72% of China’s equities, whereas H-shares, or shares traded on lesser exchanges in Hong Kong and elsewhere, account for 13% of China’s total equity market.
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