Biggest Group of Losers in Dividend Tax Hike? The Middle Class: Report
A plan to raise the dividend tax rate will have negative consequences for the middle class, according to a new study from Ernst & Young.
New Hire Roundup: Feldman Named Gold Bullion CEO
This week in new hires, Steven Feldman was named CEO and Eric Schwartz was made chairman of the board at Gold Bullion International, and United Capital brought in three new management team members.
Euro Economy Seen as Shrinking More Than Expected
Ernst & Young predicted that the euro zone will see its economy contract more than it had originally expected as countries tackle budget deficits.
New Hire Roundup: Bowen Is Acting Chair at SIPC; Pologe Goes to Genworth
This week in new hires, Genworth welcomed David Pologe and David Ford joined Securities America.
London’s ‘Bloated’ Banks Shrinking
Banks in London are shedding staff, closing or cutting divisions and seeing pay fall as criticism by politicians, tighter regulations and falling profits take their toll on the financial services sector.
Outlook 2012: Annuities — Industry at Crossroads, With Weatherford, Greenwald, Cortazzo
The fact that two major carriers in recent weeks have announced their exit from the annuity business should tell us all we need to know about the health and viability of the industry. If only it were that simple.
European Recession Likely: Ernst & Young, ECB President Draghi
E&Y also says euro breakup still possible, despite austerity measures being taken, but flat growth seen in European GDP in 2012
Big Changes in Wealth Management Seen as Open Architecture Trend Expands
With open-architecture platforms, wealth managers can bring to average investors the same advantages that high net worth clients have been getting for years.
New Hires Roundup: U.S. Bank Adds Steiger; CAIS Welcomes Stone, Promotes Cobon
This week in new hires, Heidi Steiger added to U.S. Bank’s wealth management business; Landon Stone went to CAIS, which also promoted Lachlan Cobon.
50 Women Leaders in Hedge Funds: New Study
A wide range of talented women populate the hedge fund sector, and women can look forward to ample opportunities in coming years as the industry grows, according to a new Hedge Fund Journal study sponsored by Ernst & Young.