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Canadian investors are missing out of up to $500 million a year in yields by sticking with money market funds rather than higher-yielding, insured premium savings accounts.

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

The Internal Revenue Service is collecting information on approximately 20 Swiss banks, according a letter from UBS, one of the main banks it has been investigating.

The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year's failure tally to 30.

This time, Bank of Florida Corp. is trying to raise enough capital just to stay alive.

Grubb said: "I'm moving on and they're moving on."

Direxion has launched six new long and short exchange-traded funds tracking BRIC, India and the semiconductor industry, bringing the total number of leveraged ETFs it offers to 34.

This recovery is for real, according to TrimTabs. As cause for the optimism, the research firm points to a 3% increase in wages and salaries from a year ago and a 9% spike in online job postings. Year-to-date, job postings have surged a surprising 18%.

Canadian investors are missing out of up to $500 million a year in yields by sticking with money market funds rather than higher-yielding, insured premium savings accounts, according to a 21-page report from Fair Canada (Foundation for Advancement of Investor Rights).

JPMorgan Chase & Co. announced in a pair of filings with the Securities and Exchange Commission that it plans to introduce a pair of exchange-traded funds.

The company plans to launch its first actively-managed ETF later this year that would invest in about 300 domestic large-cap stocks.

Your next generation of clients will require a bevy of new skills. The key—learning to say “no.”

Advent Software has acquired Norwegian software provider Goya AS. Terms of the deal were not disclosed. Through this acquisition, Advent now offers the product Tradex, which is complementary to Advent’s existing products and is already implemented at a significant number of Advent clients in Europe and the Middle East.

Firms are grappling with how to best use the technology while not running afoul of regulators.

Union Bank’s licensed retail banker staff should double this year, to about 200, and increase to 325 within three years.

Your dad’s generation could get away with investing domestically; your clients cannot.

Long-term mutual funds took in $12.75 billion in the week ended March 3, marking the 51st straight week for inflows, which now total $500 billion, according to the Investment Company Institute.

Reserve Management submitted court documents Thursday denying that it, founder Bruce Bent or his son Bruce Bent II intentionally tried to mislead investors in the flagship $62 billion Reserve Primary Fund into believing the now-defunct fund that broke the buck was solvent.

A bill to end private lenders' role in government guaranteed student lending — assumed to be on its way to quick enactment — has suddenly become a hotly contested debate.

On a day when many at the Citi financial confab told of their quest to deploy mounting capital in the United States, their host had a simple message: See you later.