After an absolutely dizzying few weeks on Wall Street—which have included a chain of bank failures and near failures, several uncertain rescue attempts and the largest one-day point drop in the Dow Jones...
At a press conference early Monday morning, John Thain, chief executive of Merrill Lynch & Co., insisted that the firm’s employees supported being taken over by Bank of America of Charlotte, N.C.
Many brokerage-industry watchers agree that mergers and acquisitions can be rather tiresome for clients, eroding their confidence in the firms and, often, in the reps, too. Considering the wave of deal-making in the...
The sub-prime mortgage lending crisis and resulting market tumult isn't just taking its toll on investors: A nearly constant flow of bad economic news from the media is shaking up advisors, too.
The treacherous rollercoaster ride Wall Street has endured over the past several months goes to show that, well, gravity is a force to be reckoned with in the markets. What goes up must come down. But it also...
In some ways, the job of branch manager is hopelessly conflicted. You are responsible for improving revenue, yet you are also charged with playing “Mr. Compliance Guy.” Branch revenue growth is, therefore...
If you thought compliance and regulatory scrutiny couldn't get any more intense, welcome to 2008. Consumer protection is expected to be the driving force behind new regulations and enforcement actions in the financial...
If you thought compliance and regulatory activity couldn’t get more intense, just wait until next year. Or so say compliance experts at Wolters Kluwer Financial Services in Minneapolis, a firm that provides...
