New Hire Roundup: Cetera Names New CIO
Meanwhile, Dynasty Financial Partners welcomed Ron Sallet, Morrison & Foerster added Charles Duross, and Fusion Family Wealth added Fred Gold.
New Hire Roundup: Sonnenberg Joins Glassman Wealth Services
Also this week in personnel announcements and new hires, Tony Leonard joined OneAmerica.
Roth on New Role at Realty Cap: ‘All About Opportunity’
The former head of AIG's Advisor Group says RCS is looking to build "a full-scale financial services model in the alternatives space."
Eurozone Data Indicate ‘New Recession’: Markit
Factories saw demand fall and countries saw unemployment rise from July through September as Markit Economics said the activity—or, rather, lack of it—indicated a “new recession.”
German Confidence Drops Again
German business confidence fell once more in September, this time to its lowest level in two and a half years, as growth slowed as well. Economists had expected it to move in the other direction.
Eurozone Confidence Falls
Economists were more optimistic than businesses and consumers in the eurozone, as figures show economic confidence reached its lowest level in three years.
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members
Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.
Spain Spooks Investors as Eurozone Confidence Falls
The Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
Greece Calls New Elections After Coalition Talks Fail
Greece will hold new elections after the three major parties and President Karolos Papoulias failed to form a governing coalition that could agree on how to handle the country's debt burden.
Euro Zone Confidence Falls More Than Expected
Confidence in the euro zone is falling along with the economic picture, and it’s doing so faster than predicted.