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.
Despite unprecedented creation of money over the past three and a half years, consumer prices remain moderate.
The Client. The Client. The Client.
The last words of General of the Army Douglas MacArthur’s farewell speech at West Point went like this: “…when I cross the river, my last conscious thoughts will be of the Corps, the Corps, the Corps.”
Industry Opponents Slam Volcker Rule as Volcker Defends It
The controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.
John Bogle: the Most Successful Wall St. Occupier
The founder of Vanguard and inventor of index funds’ greatest accomplishment may be yet to come: creation of a “fiduciary society.”
Which Side of the Profession Debate Is the FPA On?
While the FPA is still struggling to overcome its trade association roots, the bigger picture is that it’s moving in the right direction on many fronts.
Volcker Tells Charlie Rose: The 'Volcker Rule' Still Works
Lobbying efforts notwithstanding, the Volcker Rule orohibiting banks from proprietary trading is still effective, according to no less an authority than Paul Volcker, for whom it was named.
‘Volcker Rule’ Proposal Approved by FDIC; Wall St. Fumes
Wall Street firms decry proposed rules to take effect in July 2012; FDIC will accept comments until Jan. 13.