SEC Says Wachovia Rigged Muni Bids; Bank to Pay $46 Million
The SEC charged Wachovia Bank on Thursday with fraudulently engaging in secret arrangements with bidding agents to improperly win business from municipalities and guarantee itself profits in the reinvestment of municipal bond proceeds.
ALPS Goes for Equal Weights
ALPS Equal Sector Weight (EQL) is benchmarked to the Banc of America Securities-Merrill Lynch Equal Sector Weight Index. It owns each of the nine Select...
Does Equal Weighting Sectors Work?
The ALPS Equal Sector Weight ETF (EQL) has just launched. The new fund is an ETF of ETFs that delivers exposure to the U.S....
Merrill Fund Manager Survey Finds Surge in Bullishness
Signs of exuberance appear in rush to emerging markets, according to the May results of Merrill Lynch's survey of fund managers.
Increased optimism feeding investor risk appetite
A survey released Thursday finds optimism about global economic growth has reached its highest level since 2004, and risk appetite has started to pick up. In...
Fund managers holding onto hope - and cash
Fund managers are hopeful, but still aren't giving up their cash, according to the latest survey from Merrill Lynch. The survey found 35 percent of...
Wachovia Taps BofA Exec for Chief Investment Slot
Wachovia Securities says Tom McManus, formerly managing director and chief investment strategist at Banc of America Securities, has joined the firm as its new chief...
Bond Platforms Merging
The two leading corporate bond platforms are about to merge. Incapital has entered into a definitive agreement with Bank of America to acquire its LaSalle...
Top Two Corporate Bond Platforms Merging
The two leading retail corporate bond platforms are about to merge. Incapital announced February 10 that it has entered into a definitive agreement with Bank of America to acquire its LaSalle Broker Dealer Services Division.
A select group of market segments and companies are poised to improve results in the coming months, analysts say. --- Analyst: Ronald A. Tadross, CFAFirm: Banc of...