There's a little-known corner of the securities market that could help brokers win kudos from clients who have exhausted safe domestic sources of good yield: foreign preferred stock. Most of these shares, which trade like ordinary U.S. shares and...
When Lord Abbett moved from New York to Jersey City, N.J., two years ago, it had more to do with getting a great deal than getting a better view of the Manhattan skyline. The company paid less rent for three times the space of its former digs...
Prudential Financial, the holding company for Prudential Securities in the U.S., says it intends to focus solely on high-net-worth individuals in Europe. In doing so, Prudential yesterday said it will sell or close a number of its retail...
Patrick McGurn, vice president and special counsel with Institutional Shareholder Services, said that even with a market recovery the industry will continue to feel the fallout of corporate scandals such as Enron, WorldCom, etc.
This is the latest century-old name to be dumped in an ever-changing industry where financial services companies are consolidating. Morgan Stanley dropped Dean Witter from its name earlier this year, and Citigroup plans to drop the name Salomon...
As you might have guessed: Retail investors satisfaction with brokeragesand individual brokershave declined, according to the Security Industry Association (SIA) annual investors attitudes survey. According to the survey, the percentage of...
