Citi Settles with N.Y.-Cuomo (Aug. 7, 2008)
New York Attorney General Andrew M. Cuomo has announced a multi-billion dollar agreement with Citigroup Global Markets, Inc. and Citi Smith Barney (collectively, "Citigroup") to settle allegations tha
What Will the Wirehouse Brokerage Firms Look Like 30 Years From Now?
What lies ahead for the major wirehouse/national brokerage firms?To really answer this, we have to look first at the past 30 years, and during this...
College Board Stops Student Lending Program
The College Board announced that it is ending its role as a lender in the Federal Family Education Loan Program (FFELP) and will not accept new loan applications after October 15, 2007.
Method to Her Math
Getting an advanced degree in mathematics has become a pretty common path to Wall Street, where math geniuses routinely labor over proprietary trading models, sophisticated...
Smith Barney's Goal: Doubling FA Productivity in 5 Years
Charles Johnston, president and CEO of global private client for Smith Barney, lays out his thoughts on sales growth, new compensation plans and more. (The...
Smith Barney Advisors Under Pressure
Smith Barney insists it retained more than 80 percent of Legg Mason reps acquired last year through Citigroup's purchase of Legg Mason's retail operations. This...
In the Pipeline
For advisors, one of the most ballyhooed promises of the dot-com era has failed to materialize--account aggregation has not made significant headway. If you remember...
An elderly professional couple recently applied for a credit card, in this case from a major oil company, and, to their great surprise, the request...
Ken Robinson had a question about his mortgage. After meeting with his banker, Robinson--an independent financial advisor and founder of Cleveland-based Practical Financial Planning--decided to...
Spreading Words of Wisdom
Larry Swedroe says he's been "lucky in his career." A former vice chairman of Prudential Home Mortgage and senior investment banker at Citibank, Swedroe has...