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BlackRock Friday threw a new type of product into the mix in the rapidly growing and evolving municipal bond exchange-traded fund industry.

Friday brought the first failure of the year as Horizon Bank in Bellingham, Wash., was closed by state regulators.

WASHINGTON — The notion that holding company oversight should be entrusted to a bank's primary supervisor is gaining traction on Capitol Hill.

It has been two weeks since Arianna Huffington began imploring people to move their money to small institutions, and big banks do not appear any worse for the wear.

Last year was the worst year on record for dividends as more companies slashed their dividends than ever before, according to Standard & Poor’s.

Hedge funds had their best year last year since 1999, according to the Hennessee Group, a hedge fund advisory firm.

WisdomTree Investments has introduced the WisdomTree International Hedge Equity Fund, an exchange-traded fund-of-fund.

Eighty percent of fund managers expect the stock market to continue to rise in 2010, fueled by real corporate earnings growth, rather than aggressive cost-cutting, Russell Investments found.

Seventy-three percent of 3,000 people that the Investment Company Institute polled said they are confident they will be able to retire, thanks to their 401(k) savings, and 90% gave a thumbs-up on the plans, citing their tax advantages, convenient payroll deductions, choices, control and the financial discipline they instill.

McGee, who also serves as chairman and chief executive officer of the insurer, steps into his additional role as the company comes out of of a tumultuous period.

New executive at Axa Equitable, more changes at BNY Mellon's newly-expanded wealth unit, and a new board for the IMCA.

Jefferies said that independent M&A activity is sure to increase over the next two decades

Advisors can select from 14 different investment approaches designed to satisfy their clients’ various risk tolerance levels and tax situations.

The Atlanta company has offered private banking services for musicians and motor sports athletes for years. Thomas Carroll (left) said SunTrust's new office in San Diego is only the beginning of its national expansion strategy.

A large proportion of dividends were previously provided by financial companies, which are no longer in a position to pay out.

With the economy still on life support and inflation an increasing threat, the Federal Reserve will continue to act like a “sugar daddy” and leave interest rates untouched until 2011, predicts PIMCO Co-Chief Investment Officer and founder Bill Gross.

Long-term mutual funds took in $3.5 billion in the week ended Dec. 29, marking the 42nd straight week for positive inflows, which now top $416 billion, the Investment Company Institute said.

Convertible arbitrage, distressed were top two strategies in 2009

WASHINGTON — The details are still sketchy, but an idea to tie compensation plans to deposit insurance premiums is already dividing the banking industry.

Regulators, with their reputations on the line and anxiety about the future, are forcing some banks to hold on to much of the capital. In recent months, some banks that wanted to fully repay the Troubled Asset Relief Program were allowed to return a fraction.