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With lawmakers from both chambers of Congress set to begin hammering out a single financial regulatory reform bill on Wednesday, one of the most contentious municipal-market issues to be worked out centers on who will regulate non-dealer financial advisers, swap advisers and other market intermediaries.
June 7 -
Morgan Stanley said Friday that Stephen Roach, chairman of Morgan Stanley Asia and one of Wall Streets most influential economists, will relocate from Hong Kong to New York, in part to take up a teaching post at Yale University.
June 7 -
Though the reform bill wending its way through Congress will have little direct impact on regional banks' capital markets business, it could spur more competition from larger rivals.
June 7 -
Interviews with analysts, industry representatives, academics and other sources point to a growing consensus on how some of these issues will play out.
June 7 -
LPL, the largest independent broke/-dealer, filed S-1 forms with the Securities Exchange Commission Friday to become a public corporation.
June 6 -
Though still in its infancy, some social media strategies work better than others.
June 4 -
If your clients want to invest globally, and according to their Catholic values, you now have one more option to offer.
June 4 -
Bank holding companies insurance income grew by 38.5% last year, but only a fraction of that came from traditional sales.
June 4 -
The comapnies announced Friday an agreement to jointly develop, sell and support managed investment account services, using GlobalBridges unified managed account technology.
June 4 -
Outflows were a mere $156.7 million the week before.
June 4 -
Internal Revenue Service officials Thursday said that there are no plans to audit up to half of all Build America Bond deals, backing away from remarks they made last week.
June 4 -
Federal Reserve Board Chairman Ben Bernanke said Thursday that the central bank remains committed to expanding the flow of credit to small businesses, saying it has retrained its examiners to ensure they are not part of the problem.
June 4 -
Midwestern banks are going after talent and customers in small and midsize business lending, treasury services, automotive lending and other areas where a lot of competition has disappeared since the recession struck.
June 4 -
Tax-exempt money market funds shed $3.91 billion in the week ending May 31, finishing with total net assets of $352.92 billion, according to the Money Fund Report, a service of iMoneyNet.com. That was a significantly steeper decline than the previous week, in which the funds saw $156.7 million of outflows and ended with $356.83 billion.
June 4 -
To attract more business from small businesses, Bank of America Merrill Lynch announced Thursday it relaunched a retirement services platform for companies with fewer than 100 employees.
June 3 -
WASHINGTON — Berkshire Hathaway Inc.’s Warren Buffett warned a panel investigating the causes of the financial crisis Wednesday that states and localities may face “terrible” financial distress in the next five to 10 years that in turn could lead some to look to the federal government for bailouts.
June 3 -
Morgan Stanley Smith Barney is intensifying its campaign to increase its wealth management and private banking footprint nationally as it hired in New York and Miami as well as a planned expansion in Charlotte, N.C.
June 3 -
As many as 11,000 wirehouse advisers may be on the move, according to a report by Aite Group in Boston.
June 3 -
A former Merrill Lynch broker is out one red Ferrari.
June 3
