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At the Investment Company Institute’s 51st General Membership meeting last week in Washington, D.C., speaker after speaker warned that the financial crisis has changed markets permanently.
Morgan Stanley is aggressively dressing itself up to exit TARP. The firm raised $8 billion in new capital on Friday through the sale of debt and equity, over 50 percent more than it announced on Thursday. The funds will cover an $1.8 billion...
Unions have not had such a sympathetic occupant in the White House, since, well, arguably FDR. Obama, as a senator, had been a co-sponsor of the Employee Free Choice Act of 2007, which would, with its Orwellian title, outlaw secret ballots in...
Schwab Chairman Chuck Schwab told institutional investors at a regular business update in San Francisco today that the company is preparing to go on the “offense” to gain market share—both in terms of winning client assets and recruiting breakaway...
Advisors were on the move in March. The number of reps switching broker/dealers during the month was up 34 percent versus the number who switched in February.
Morgan Stanley reported a net loss of $177 million in its first quarter earnings, released today. But unlike many of its peers, the firm didn’t appear to use any accounting tricks to massage the numbers.