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Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.

The Securities and Exchange Commission plans to meet this Wednesday to consider a statement on International Financial Reporting Standards.

Market Groups to Press Dodd Panel

Kaplan joins from Citadel

First Midwest Bank in Itasca, Ill., approached its first failed-bank acquisition cautiously. The $7.6 billion-asset bank scooped up First DuPage Bank in Westmont, Ill., a tiny bank only a half-hour drive away. The Oct. 23 deal allowed First Midwest to learn the ropes of failed-bank purchases by taking over a small institution in its own backyard.

For chief risk officers at banking institutions, having the ear of the chief executive has proven necessary but not sufficient.

Experts say global response necessary for biggest firms

John Hancock Funds has launched the John Hancock Strategic Income Opportunities Fund, an unconstrained version of the John Hancock Strategic Income Fund.

Judge Jed S. Rakoff says the law requires broad latitude be given to SEC.

Investors in the mutual funds of Capital Research & Management appear to have taken notice of the funds being beaten by more than half of their peers in 2008 and 2009, as redemptions are coming in at the fastest pace the company has seen in its 79-year history. Last year alone, the company was hit with $25.5 billion in redemptions, and in the previous year, $16 billion.

The market seems to be recovering but sentiment remains mixed..also, a note from the T3 Conference and our weekly calendar of reports.

Morgan’s new investment chief Gregory Fleming beefs up his team.

RBC continues its success in attracting UBS advisors.

Last year, the company’s annuity sales rose 58.3% to $16.3 billion from a year earlier as fourth quarter sales rose 71.4% to $4.8 billion from the previous year.

Even those who have used a financial planner and think favorably of them support regulation.

The ETF’s management fee is 50 basis points, but when you factor in the expense ratios of the underlying funds, the ETF’s total expense ratio rockets to 181 basis points.

It's about time mutual fund product developers thought out of the Morningstar investment-style box to give portfolio managers the ability to do an about-face.

The president of Muriel Siebert & Co. urges investors to consider putting money into tax-exempt munis.

Investment managers around the world are cautiously optimistic about stocks in the coming year but more guarded about bonds, Towers Watson found in a survey of 98 managers with a total of $13.3 trillion of assets under management. They foresee economic growth, albeit modestly.

It's about time mutual fund product developers thought out of the Morningstar investment-style box to give portfolio managers the ability to do an about-face.