Yellen One Step Closer to Fed Chairmanship
A Senate panel has advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate.
No Firm Too Small to Escape Scrutiny, SEC Chief Tells SIFMA
SEC Chairwoman Mary Jo White spoke at SIFMA's annual meeting about admissions of guilt, the SEC's credibility problem and Volcker rule progress.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
Illinois Dragging Feet on Huge Pension Problem
Lawmakers will convene again the first week in January in hopes of fixing the nation's worst case of underfunding state employees' pensions, a problem approaching $100 billion and mounting by $17 million per day.
Bill Gross Slams Fed ‘Merry-Go-Round’ Policy
Bill Gross is again making waves (or tweets) ahead of the Federal Reserve’s much-anticipated statement set for later this week.
PIMCO’s El-Erian: Fed Wants Inflation Now, Will Clean Up ‘Mess’ Later
PIMCO CEO harshly criticizes the Federal Reserve, saying they are actually trying to create inflation.
For Advisors and Their Clients, Does It Matter Who’s President?
A look back at the last five presidents and their policies' effects on advisors and their clients, with implications for Obama-Romney.
Fiduciary Rule Could Be Years Away: Industry Experts
Knut Rostad, president of the Institute for the Fiduciary Standard, told AdvisorOne on Wednesday that regulators will most likely "continue to punt" the fiduciary issue.
BlackRock’s Fink: U.S. Politicians ‘Snoring Away’ on Europe, Economy
Fink says no full recovery in United States until 2014; adds that the resignation of Barclay’s Diamond is “sad for me.”
JPMorgan Could Close Office That Drove $2B Loss
The chief investment office of JP Morgan in London, which last week made the headlines for losing $2 billion in trades, could be in danger of closing, its entire staff dismissed.