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The country's two largest custody banks said they will keep looking for acquisitions, of whatever size, as they wait for higher interest rates to spur organic growth.

A new survey says that many Boomers will be back on the job market this year looking for new opportunities, but they will face some (younger) competition.

The Securities and Exchange Commission's (SEC) actions against Goldman Sachs have sent credit default swap spreads spiraling wider not only for Goldman, but for the entire banking sector, according to Fitch Solutions.

More wealthy people turn to financial planning to ease their minds.

The company, known for its socially responsible investing strategy, launched a global water fund in October 2008 that is already paying dividends.

The first quarter was the weakest quarter for the San Francisco banking company since it bought Wachovia at the end of 2008.

The two funds are focused on current market opportunities in taxable securities and selectively across the fixed income universe.

The German bank has strengthened its emerging-market debt units in Latin America with seven new hires

Meissner joins from Nomura, which named new CEO for EMEA and co-heads of global investment banking

Lawmakers split Tuesday on whether the regulatory reform bill should include a "financial crisis responsibility fee" charged on the largest institutions.

After more than a week of escalating partisan rhetoric over regulatory reform, Senate Republican leaders significantly changed their tone on Tuesday, suggesting a bipartisan bill was now within reach.

Former President Bill Clinton now says he had an inadvertent role in the credit crisis and the SEC’s civil fraud case against Goldman Sachs by signing the Commodity Futures Modernization Act in 2000, exempting the $58 trillion credit default swap industry from meaningful regulation.

The U.K.’s Financial Services Authority is finally cracking down on how prime brokers protect client assets.

Bernie Madoff's legacy is still influencing the regulatory community. Fraud is as much a part of Wall Street's history as the closing bell on the New York Stock Exchange, but the Securities and Exchange Commission's recent amendments to its custody rule are intended to make life trickier for any future Madoff.

Despite increasing optimism about the economy, affluent investors remain concerned about retirement savings and the rising costs of healthcare.

Charles Schwab has agreed to settle a federal class-action lawsuit related to its YieldPlus Fund for $200 million, far less than the $800 million plaintiffs had sought.

Affluent parents can creatively help their children while still holding them responsible for educational expenses.

As the country’s two largest custody banks wait for interest rates to improve, both continue to jockey for position as the industry consolidates.

As earnings surged at larger competitors, the Chicago-based bank reported that profits declined 3% to $157.2 million as revenue remained flat.

According to Bank of America Corp.’s Merrill Lynch Affluent Insights Quarterly survey, affluent investors have become slightly less concerned about the economy’s impact on their ability to meet financial goals, but issues related to retirement and healthcare rank highest among financial concerns.