Fidelity National Agrees to Buy SunGard for $9.1 Billion
The deal combines a banking and payment firm with a software maker, while pushing Fidelity into the wealth space.
Searching for Volatility in All the Wrong Places
Why is volatility in stocks falling while it's rising in fixed income?
Barclays CEO Change Seen Prompting Deeper Investment Bank Review
Chairman John McFarlane, taking over as interim CEO, has pledged to reallocate capital and prioritize investment in the bank's most profitable units.
Deutsche Bank Hit With $55M SEC Fine for Misstating Financial Reports
During the financial crisis, “Deutsche Bank’s financial statements did not reflect the significant risk” in large, complex illiquid derivative positions, says SEC's Ceresney.
Citigroup Says U.S. Declines to Prosecute on Libor Rigging
The Justice Department advised the bank that it made the decision “based on the facts and circumstances."
ING Plans $2 Billion Voya Stock Sale to Exit Insurer
ING Groep NV, the biggest Dutch bank, said it will sell its remaining 19% stake in Voya Financial Inc.
New Hire Roundup: SEC Names Schneider Associate Regional Director for Pacific Northwest
Meanwhile, Advisor Software announced that Erik Jepson has joined as chief customer officer.
China ETF Demand Overwhelms Quota as Premium Surges
The largest U.S. ETF that tracks mainland Chinese stocks has jumped to a record premium as unprecedented demand forces fund manager Deutsche Bank to all but stop taking in new money.
Beware: ETN Pitfalls Abound
ETNs have a number of benefits, but also shortcomings, including credit risk and taxation. It's important that advisors weigh ETNs' pros and cons to make the right choice for clients.
Morgan Stanley Channels Weird Al to Raise Stock Market Forecast
In a report that reads as if Weird Al Yankovic had become a market strategist, Morgan Stanley announces an increase in its 12-month S&P forecast.