JPMorgan, Goldman Beat Estimates: Q2 Earnings
Bond trading revenue fell at both banks, though less than expected, but CEO Jamie Dimon's health issues overshadowed JPMorgan's results.
New Hire Roundup: Janus Capital Adds Scholes, Alankar
Also in new hires, the SEC announced that Thomas Krysa has been named associate regional director for enforcement in its Denver office.
FINRA Enforcement: Goldman Fined $800,000 for Trade-Through Failures
In other actions, Morgan Stanley was fined $100,000 on private wealth management failures.
New Hire Roundup: SEC Adds 2 Judges, 3 Attorneys
Also in new hires, Nuance Investments welcomed Chad Baumler as portfolio manager.
Top Portfolio Products: Schroders, Oppenheimer Add Funds
The two groups roll out products that focus on global assets, income and emerging markets.
Big Private Equity Funds Gobble Up Most Money
There is a stark division in fundraising between first-time private equity fund managers and their more established counterparts.
SEC, FINRA Enforcement: SEC Freezes Assets of Fugitive Investor in Fake Gold Bid
In other actions, a judge denied Houston hedge fund manager George Jarkesy Jr.'s plea to dismiss the SEC's fraud case against him.
FINRA Fines Barclays, Merrill, Goldman Over Inaccurate ‘Blue Sheet’ Data
FINRA fined the banks $1 million each for failing to provide complete and accurate information about trades performed by the firms and their customers.
12 Best & Worst Broker-Dealers: Q1 Earnings, 2014
This quarter saw surprising performance dips and peaks across the financial sector.
Trends Point to Growth & Stability
Developed nations are showing renewed signs of stability in output growth and employment, according to recent data from the International Monetary Fund. Meanwhile, the emerging markets of the world have hit an important milestone: Their combined gross domestic product now represents more than 50% of global production, a recent IMF...