In a move that Citigroup claims will strengthen its brand globally, SSB Citi Asset Management Group has changed its name to Citigroup Asset Management. Thomas Jones, co-chairman and CEO of Citigroup Asset Management, said in a Feb. 5 statement: &...
For sticking it out during the transition of the merger with Royal Bank of Canada, Dain Rauscher reps will receive retention bonuses worth an estimated $100 million, according to Ron Tschetter, president of Dain’s Private Client Group. The...
To continue its evolution toward fuller service, online discounter E*Trade had planned to add 401(k)s to its stable of E*Trade Bank offerings early this year. But the firm’s initiative has slowed, according to an E*Trade spokesperson. The...
Wick Simmons won't be joining Raymond James' board of directors after all. According to Nasdaq spokesperson Andrew MacMillan, Simmons has decided not to pursue the position after Nasdaq determined that it would be a conflict of interest for...
Many “do-it-yourself” investors say a broker’s specialized investment knowledge makes it worthwhile to seek professional help, according to a survey by the Forum for Investor Advice. The survey found that investors who use...
Instead of lowering fees, asset managers are teaming up to provide creative offerings to investors.
The MiFID II regulations, which take effect in January, seek to police conflicts of interest between managers and brokers and to keep managers from passing on the costs of research to their clients.
Fed paper suggests that financial news holds predictive power when it comes to economic data.
Michael Piwowar doesn't plan on sitting around doing nothing as the acting chairman of the SEC.
