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As the State of Wisconsin Investment Board continues a push toward risk aversion, its staff laid out new goals for the fixed-income portfolio that would look to find additional alpha minus any apparent investment hazard.

BNP Paribas Corporate and Investment Banking has appointed Matt Salvner as head of fixed-income solutions for the Americas, the firm announced.bnp-names-head-fixed-income-americasbnp-names-head-fixed-income-americas

Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

Several banks are actively looking to expand in the Georgia capital, viewing it as a market that will inevitably rebound from its malaise of the past three years.

WASHINGTON — Regulators are poised next week to start moving away from reliance on the tarnished credit rating agencies in the supervisory process, but finding other options likely will be difficult.

Charles Schwab announced on Thursday three new, low-cost bond exchange-traded funds with no online trading commissions for Schwab clients. This is in addition to the eight equity ETFs that Schwab already offers.

Not even the “flash crash” could dent the popularity of exchange-traded funds.

RBC Wealth Management promoted Brian Fields to branch director and vice president of its Lemoyne Penn., office.

Stephen Lawrence, a financial advisor from Northern Trust Securities, makes the move to Wells Fargo Advisors.

Treasury panel offers its take.

Mini-prime broker Lighthouse has notified its 22 hedge fund clients that they can no longer execute new orders.

Law curtails regulator's powers, requires radical transparency

Since Howard Hammond joined Fifth Third Securities four years ago as president and CEO, hiring new advisors and management and shifting to a full service relationship-driven advisory model has been his top priorities. And it’s paying off-performance has improved over the last 18 months, with total revenue up 35% in 2010 from 2009.

Charles Schwab announced on Thursday three new, low-cost bond exchange-traded funds with no online trading commissions for Schwab clients.

Ivy Asset Management, the embattled hedge fund of funds is shedding one of its most prized assets as it prepares to close down—Patrick Thomson.

Revenue and profits from wealth management—which includes private banking, trust, special assets management, private wealth planning and investments —were both up double digits last year and are on track to grow at least that much in 2010, according to Mary Curran, executive vice president of the wealth management group at Union Bank.

After joining Weiss Group as chief executive officer last week, Thomas J. Clarke, Jr. gets to have direct hands-on experience in expanding a wealth management firm, where he sees big opportunities for growth.

Rockefeller Financial has named Reuben Jeffery III chief executive officer.

New rules curbing the amount of alternative investments banks can hold aren't the only thing driving private-equity spinoffs. Improving market conditions are also making it easier for investment professionals to strike out on their own.

The number of high-net-worth individuals in the top 10 U.S. metropolitan areas rose 17.5% in 2009, the highest growth rate in the last four years, according to the Capgemini 2010 U.S. Metro Wealth Index.