John Churchhill

Citigroup reported a net loss of $5.1 billion or $1.02 per share, $0.07 per share worse than consensus analyst expectations, according to Thomson Financial. Unlike, say, Merrill Lynch, Smith Barney’s Global...

Cliff Popper, the flashy former Brookstreet Securities broker/trader at the center of the California firm's August collapse, is now suing his old clearing firm, National Financial Services (NFS), for $36 million in...

In February, stock fund investors did a curious thing. Instead of running for the exits as the S&P 500 continued falling, they pumped large sums of new money into U.S. and international stock funds. Are investors...

UBS announced today that the firm plans to write-down another $19 billion in housing-related credit securities held on its books by the end of the first quarter, bringing the firm's total sub-prime losses to $37...

Seminar Scammers Busted The SEC has filed civil fraud charges against Linda Woolf and David Gengler, promoters of Teach Me to Trade (TMTT) classes, mentoring and computer software programs. In infomercials, and a...

Consider the Curious and Rather Grotesque Case of Gary J. Gross, a financial advisor from (where else?) Boca Raton, Fla. Gross' U4 is close to 100 pages long, and lists 35 customer complaints (33 of them settled)...

If you work for one of the major wirehouses, you're in pain. If you're a commission-based rep, business is slow. And if you are a fee-based rep, your fees are dropping along with the value of client accounts. And if...

Morgan Stanley reported better-than-expected first-quarter earnings today, at least temporarily easing investor nerves. Still, overall revenues and earnings were well below last year’s levels: Net revenue was $8...