News

Starting this summer, Merrill Lynch will be encouraging analysts to call more stocks dogs.

Pandit's meeting with analysts and advisors on Friday proved disappointing for those hoping that Citigroup's integrated banking model would be getting the boot. Shareholders and analysts have been whining about the need for a breakup for months...

Well, it seems that the little guy may be forced to reach into his pocket once again. It doesn't look like Ground Zero is going to be rebuilt by the deadlines set back in 2005, which means that taxpayers are going to be forced to pay for $321...

Thursday was no fun for G. Kennedy Thompson, as the board decided it was time for him to step down as chairman at Wachovia. However, he hasn't been voted off the island just yet.

Despite calls by numerous shareholders to break up Citigroup and spin off poorly performing businesses, it looks like CEO Vikram Pandit will be taking his cues from Al Green today: Let’s stay together. As reported by the New York Post...

The New York Post reported today that UBS is facing serious scrutiny by the SEC and the DOJ to determine whether or not the bank aided clients in committing tax evasion from 2000 to 2007. Maybe Wesley Snipes was a client?

State high court rules that an "adopted-out" child is not entitled to inherit her biological mother’s estate

Charles Schwab, Fidelity, TD Ameritrade and Pershing will soon have a new and powerful rival to worry about, while the hybrid broker/independent RIA model should get a major boost. The largest independent b/d in the U.S., LPL Financial, announced...

Bank of America Corp. just got about $10 million poorer. Its broker/dealer, Banc of America Investment Services Inc., settled charges today that it failed to disclose that it favored mutual funds affiliated with the firm.

Every rep loves American Funds: The fund family—the nation’s largest, with $1 trillion in assets—offers decent performance for relatively inexpensive fees.