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The sovereign debt crisis in Europe is coupling with the general malaise in financial markets to make life easier for tax-free money market funds by boosting key short-term interest rates.
June 18 -
Neither criminal prosecutors nor the SEC ever filed charges against AIG or any executives.
June 18 -
The House approved a bill 241 to 182 on Thursday that would create a $30 billion fund that community banks could access for small business loans.
June 18 -
After a heated debate, the regulatory reform conference committee agreed late Thursday to scale back a provision of the bill that would eliminate the use of trust-preferred securities as Tier 1 capital.
June 18 -
Matt McGinness has a reputation for producing heavy hitting research in practice management.
June 18 -
NYSE Technologies on Thursday will introduce a service that displays up-to-the-minute statistics on how fast it delivers details on orders and transactions to customers.
June 18 -
Can Angelina Jolie explain credit default swaps and securitization to America?
June 18 -
Standard & Poor’s and Financial Research Corp. announced a content-licensing and distribution agreement Thursday whereby FRC data will be available on S&P’s MarketScope Advisor platform for financial advisers. Terms of the agreement, including financial considerations, were not disclosed. An S&P spokesman denied the deal is a precursor to an acquisition of FRC from its parent, private equity firm Mercatus Partners LLC.
June 18 -
Investor confidence has declined, but concerns over the European economy appear to be easing, a monthly Bank of America Merrill Lynch survey of fund managers found.
June 18 -
A focus on research at First Allied, Citi expands its private bank in New York, Dallas and Washington, and the Insured Retirement Institute adds five seats to its board.
June 17 -
Registered investment advisor firms need more capacity to handle client demand for professional financial planning advice. That aligns with the recent trend of wirehouse brokers getting fed up with that channel and considering doing business in the independent channel instead.
June 17 -
Surveys of wealthy investors show common themes of concern, optimism and a need for guidance from financial advisors.
June 17 -
Schwab Charitable is hopping on the Roth IRA conversion bandwagon, urging wealthy investors to take advantage of lifted income caps to lower their subsequent tax exposure through charitable donations.
June 17 -
Invesco PowerShares plans to launch its second exchange-traded fund devoted to Build America Bonds, highlighting both the proliferation of municipal ETFs and the growing importance of taxable state and local government debt.
June 17 -
The Securities and Exchange Commission is stepping up its enforcement efforts in the municipal securities market for the first time in more than a decade, with a staff of roughly 30 attorneys charged with investigating and trying muni and public pension fund cases.
June 17 -
Cantor Fitzgerald continued expansion into the fixed income, asset backed securities and structured credit markets in Europe with more than a dozen key new hires in the U.K., Italy, Ireland and Germany.
June 17 -
The Securities and Exchange Commission Wednesday accused the former owner of Taylor Bean & Whitaker with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.
June 17 -
Regulatory reform conferees tussled Wednesday over provisions that would allow the Government Accountability Office more power to audit the Federal Reserve Board, give shareholders a nonbinding vote on compensation and strengthen investor protections.
June 17 -
France raised its pension retirement age by a mere two years, from 60 to 62, and people took great umbrage to that. Protests broke out in the street, and union leaders said they'll strike. One-third of the nation's TVG fast trains were expected to be canceled.
June 17 -
Proponents of the fiduciary standard for all financial advisors will be watching the House-Senate conference committee very closely Wednesday, when the group will begin to consider whether to include the requirement in the financial regulatory reform bill.
June 17


