Practice management

Deutsche Bank AG and Royal Bank of Scotland Group are among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union for rigging interest rates linked to Libor.

Wall Street banks, which already shut proprietary trading units that helped fuel record profits, are girding to learn next week how much revenue the Volcker rule may cut from the $44 billion they say comes from market-making.

Deborah Castellani, a principal and senior fiduciary specialist with Akros Fiduciary in Austin, Texas, responded on LinkedIn to a story about advisory firms sanctioned by the SEC over their compliance programs.

Some advisors question the time, energy and creativity involved in blogging, but here are some ways it's helping solo advisor Dave Grant's practice.

Ernst & Young agreed to pay investors $99 million to settle litigation over its auditing of the bankrupt Lehman Brothers Holdings, according to a filing in federal court in Manhattan.

JPMorgan Chase and Goldman Sachs Group, the world’s biggest trading firms, had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required.

The bank said the U.S. government’s move to add one of its executives as a defendant in a fraud lawsuit suggests retaliation after the bank said it was suspending settlement negotiations.

McGraw Hill Financial’s Standard & Poor’s unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be unmanageable at trial.

The SEC asked Morgan Stanley about “multiple significant deficiencies” in its financial reporting after the firm corrected accounting errors involving loan cash flows, income taxes and derivatives contracts.

Joining a branch can provide the benefit of a built-in continuity or succession plan, in addition to the many economies of scale afforded by sharing overhead and resources.

Bank of America, the second- biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims.

Can broker-dealers legally force reps to purchase E&O insurance?

Advisors are using integrated contact management systems to reach out to clients in innovative ways.

Teams need strong leaders to succeed. Are you one?

Identifying problem transactions immediately can help keep you off the witness stand.

Planners may soon have one more investment option to counsel clients about.

The regulator may make it harder for some brokers to clear their name.

Dennis Concilla, expert on the Protocol for Broker Recruiting and an attorney with Carlile Patchen & Murphy, discusses Protocol's origins, the possibility of an update, and its impact.

Clients tend to focus on the best investments they didn't invest in last year. Here's how to break them of the habit.

A run-down of the stories in this issue, including an interview with Sallie Krawcheck.