Subject Root Tag

A coalition of charities, aid groups, unions, and movie actors and directors has launched a campaign calling for a global 0.05% tax on banks’ speculative financial transactions, with the proceeds going to combat poverty and climate change.

MetLife Inc. plans to pay American International Group Inc. $8 billion in stock and the remainder in cash for American Life Insurance Co., as the two sides negotiate what could be a roughly $15 billion deal, reports Marketwatch.

Rating agency says continued 'extraordinary' government support for banking giants is uncertain

Firm continues to grow its global fixed-income platform

WASHINGTON — With the economy showing signs of recovery, Federal Reserve Board Chairman Ben Bernanke gave more clues Wednesday to how the central bank will return to normal and made clear that financial institutions are central to his plans. Federal Reserve Board, Ben Bernanke, House Financial Services Committee, Rajeev Dhawan, Economic Forecasting Center

Three months after stepping down as the chief executive of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.

Bank of America Corp. expects “significant” growth in 401(k) assets this year, but analysts are skeptical about where and how the banking company can expect to generate new business.

Total assets in the U.S. exchange-traded funds fell 5.8%, or $45 billion in January from a month earlier, according to monthly data from State Street Corp.

Affiliated Managers Group has reached an agreement with Russell Investments to acquire Russell subsidiary Pantheon Ventures for $775 million, with the potential for additional payments over the next five years, contingent on Pantheon’s growth.

The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.

Boomers are losing confidence in a lot of institutions, "not just financial ones."

Mutual fund investors in a class-action lawsuit against five mutual fund companies that permitted market timing said they will appeal their case, in which they seek $500 million to $600 million additional compensation above the $205 million restitution they got in settlements with the Ontario Securities Commission.

ETF Securities has registered another precious metals exchange-traded fund with the Securities and Exchange Commission, the ETFS Precious Metals Basket Trust.

Total assets in the U.S. ETF industry fell 5.8% in January from a month earlier.

Fee-based financial advisers are grappling with the fallout from the crash of 2008 and see tactical asset management as the way to navigate the current market, according to a survey of 750 advisers by Jefferson National.

RidgeWorth Investments has launched planadvisortools.com, a website dedicated to the needs of retirement plan advisers.

They will have a minimum investment threshold of $25,000 and offer a wide range of investment styles from conservative to aggressive growth.

Borthwick and Carnoy to share responsibilities; Hume-Kendall named chairman of group

WASHINGTON — The Municipal Securities Rulemaking Board’s net assets fell to $26.39 million for the fiscal year ending Sept. 30, 2009, down $1.65 million from the previous year as new underwriting assessment fees fell dramatically, according to an audited financial statement and annual report expected to be released by the board today.

WASHINGTON — A draft version of a Senate jobs bill widely circulated Tuesday included provisions that would allow several tax-credit bonds to be treated like Build America Bonds through the end of 2010, with issuers receiving a direct subsidy payment from the federal government instead of providing investors with a tax credit.