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The Supreme Court decided not to review a 401(k) fee lawsuit against Deere and Fidelity that was dismissed by a U.S. District Court in 2007, and again rebuffed a U.S. Court of Appeals a year ago.

With strong results from its wealth management businesses, Well Fargo reported double digit revenue growth from a year earlier following its integration with Wachovia Corp.

Bank of America’s global wealth and investment management unit provided a bright spot in an otherwise disappointing fourth quarter results for the nation’s largest bank.

While Bank of New York Mellon Corp. waits for interest rates to rise, the banking company plans to continue to look for ways to control costs this year as it expands its asset management and asset servicing businesses overseas.

In an effort to add assets – and potentially to attract teams of advisors that are leaving large wirehouses – Bridgewater Wealth & Financial Management LLP has joined Focus Financial Partners LLC, a New York-based partnership of independent wealth management companies.

Analysts had expected more companies to bid for Alico, but worries have arisen about how liquid AIG’s units are and how likely it would be to find a buyer.

Aided by a surge in assets under management, State Street Corp. reported strong growth in profits in the fourth quarter, but executives remained conservative for 2011.

The mutual fund industry is taking issue with a House bill that would permit the Federal Reserve to step in to regulate large funds that pose “a grave threat to the financial stability or economy of the U.S.”

Given the opportunity to approach their retirement savings again, 51% of affluent Americans who have retired said they would have preferred to have focused on life goals rather than a retirement number, Merrill Lynch found in a survey. However, the remaining 49% still believe in zeroing in on the numbers.

American consumer confidence rose sharply earlier this month to the highest level it has been at since September 2008, according to the RBC Consumer Attitudes and Spending by Household Index. In fact, the index was boosted by the largest single month gain in job expectations since the index was created eight years ago.

Amid all the noise in a typically messy quarter for Citigroup Inc. lay a beacon of hope for bankers everywhere: a shrinking pile of loans gone bad.

Like any public policy, the Obama administration's proposed bank tax will likely yield some unexpected outcomes.

American consumer confidence rose sharply earlier this month to the highest level it has been at since September 2008, according to the RBC Consumer Attitudes and Spending by Household Index. In fact, the index was boosted by the largest single month gain in job expectations since the index was created eight years ago.

Given the opportunity to approach their retirement savings again, 51% of affluent Americans who have retired said they would have preferred to have focused on life goals rather than a retirement number, Merrill Lynch found in a survey. However, the remaining 49% still believe in zeroing in on the numbers.

DST Systems and Blue Frog Solutions have partnered on an annuity order management compliance solution for independent intermediaries, through DST Vision.

RBC Wealth Management has hired John Menefee and Tom Meagher from Morgan Stanley Smith Barney to join its Bend, Oregon branch.

Last year was a record year for breakaway brokers and this year could be even stronger, according to an executive at Fidelity Investments.

New York Life Insurance has committed $100,000 in donations to the American Red Cross Disaster Relief Fund for Haiti and has pledged $150,000 in matching contributions to this and other charities serving Haiti made by both employees and agents, for a potential total donation of $400,000.

BrightScope is offering a Personal 401(k) Fee Report that will permit investors to sign up for free to see fees on 30,000 plans, how they compare to fees on comparable funds and how much money they would gain or give up over the remaining course of their working years.

Mulholland, who spent 25 years at Merrill, will be head of the UBS Wealth Management Advisor Group. He replaces Jamie Price.