Nationwide Life Insurance Co will pay $8 million to settle charges that it allegedly violated pricing rules in how it processed purchases and redemptions in variable insurance and mutual fund products, U.S. regulators said on Thursday...
May 14 (Reuters) - In an unprecedented move, Eaton Vance Corp will offer to help some brokerages pay their technology costs to make the fund company's new breed of exchange-traded funds available to investors, Tom Faust, Eaton's chief...
U.S. Securities and Exchange Commission Republican member Daniel Gallagher is expected to resign from his post at the agency, Bloomberg reported on Tuesday, citing anonymous people familiar with the matter...
(Reuters) - Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior adviser, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross...
The SEC's 17-member Market Structure Advisory Committee includes representatives of fund companies, an exchange, off-exchange trading venues, dealers, and academia, among others.
(Reuters) - Canadian Imperial Bank of Commerce (CM.TO) is in talks with several U.S. companies on a potential $2 billion wealth-management and private-banking acquisition, its top executive said in an interview...
(Reuters) - Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve, as policymakers preparing for the first interest-rate hike in nearly a decade seek to ensure that the...
(Reuters) - State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough...
April 20 (Reuters) - BlackRock Inc, one of the world's largest asset managers, agreed to pay $12 million to resolve civil charges that one of its unit failed to disclose a conflict of interest created by one of its top portfolio managers...
(Reuters) - A former investment adviser at JPMorgan Chase & Co was arrested Thursday and charged with taking at least $20 million out of client accounts and using it to unsuccessfully trade options and pay personal expenses, authorities said...
