Top Portfolio Products: iShares Introduces Currency-Hedged ETFs
WisdomTree launches floating-rate Treasury ETF, while Direxion rolls out an MLP high-income product.
India Seeks to Boost Foreign Currency Exchange
India’s economy has been suffering, but the country has thought of a solution that could go a long way to ease its fiscal woes.
New Hire Roundup: FPA Welcomes David Brand Back to the Fold
Also this week, Securities America names a director of practice succession and acquisition and a new member for its recruiting team, while an SEC litigator joins WIlmerHale.
New Hire Roundup: Pensionmark Adds San Diego Office
This week in new hires, Pensionmark added a San Diego office to its advisor support program and Susan Dulde was named manager of operations at Next Generation Wealth Management.
Meredith Whitney: Government Case Against S&P ‘Hard to Believe’
She discussed the government’s case against the ratings agency, her municipal bond call and her thoughts on new Citigroup CEO Michael Corbat.
New Hire Roundup: LPL Financial Welcomes Lochan
This week in new hires, Brendt Stallings and Husam Nazer joined DoubleLine, the MSRB board announced that it is looking for a few good applicants, and Citi named two new co-presidents.
Sheila Bair Calls Pandit’s Departure From Citi a ‘Very Positive Move’
Bair had "concerns" about Pandit's qualifications to serve as the CEO of Citigroup.
Citi Agrees to Pay $590M in Class-Action Lawsuit Deal
The news comes as Citigroup and Morgan Stanley work out details regarding the Morgan Stanley-Smith Barney joint venture.
12 Best & Worst Broker-Dealers: Q2 Earnings
Earnings fell as much as 58%, but also jumped over 600% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst.
Citi Adds 3 Advisors, $750M to Private Wealth
The news comes as Citi and Morgan Stanley dispute the value of their MSSB joint venture and Morgan Stanley continues to drop reps.