Japan, it may surprise you to learn, has the highest level of government debt to GDP of any country—at 250 percent. Yup, that’s higher than government debt ratios in Greece, Spain, Italy or Ireland. Brett Gallagher, MBA, of Artio Global Management...
Is it the fact that financial services firms are still in the news, still getting whacked with fines and settlements, still seeing fallout from the crisis of a few years ago? Or is it that the equity markets haven't done investors many favors...
This week, FINRA fined Merrill Lynch $1 million for making it hard for former brokers of the firm to fight back in bonus disputes. That’s pocket change for a financial services leviathan like Merrill, which has paid as much or more out to...
Morgan Stanley’s wealth management group had a rough fourth quarter due to continued weakness in the market, which slowed the integration of Morgan Stanley and Smith Barney. Revenues were off 3 percent versus the year-ago quarter to $3.25 billion...
Bank of America’s global wealth and investment management division reported net income of $249 million in the fourth quarter, down 22 percent versus the year-ago quarter. Earnings were down on lower market levels and trading activity and higher...
Wells Fargo’s wealth, brokerage and retirement group earned $325 million in the fourth quarter, up 12 percent from the third quarter. This growth was driven by a 6 percent increase in revenue, which was primarily propped up on the sale of H.D...
The SEC finally issued loose social media guidelines for investment advisers Wednesday. The regulator has long been criticized for its failure to create any kind of regulatory framework for firms and advisers who want to participate on sites like...
A few days after House Financial Services Committee ranking member Barney Frank (D.-Mass.) said he thinks giving an SRO (self-regulatory organization) authority to oversee investment advisers would be a very bad idea, the committee's chairman...
On the very day that the SEC ...
The Securities Exchange Commission’s entire approach to enforcement on Wall Street was challenged Monday, when a New York federal judge ...
