Clearing's New Space
In these challenging times—lethargic economy, record-low interest rates, high market volatility, softer trading volumes and a regulatory overhaul—the top firm in the clearing space has decided to totally transform its business model.
Top Portfolio Products: New Dividend Income Fund From RiverNorth
New products introduced over the last week include a dividend income fund from RiverNorth and retail access to an equity hedge ETF from AdvisorShares.
New York Regulator Threatens to Suspend Standard Chartered Over Iran Dealings
The New York Department of Financial Services has warned the British bank Standard Chartered that it could be suspended from doing business in the state over charges that it violated money-laundering laws in dealings with institutions in Iran that are subject to U.S. economic sanctions.
BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
Morgan Deemed ‘Winner’ in Moody’s Bank-Rating Massacre
Fifteen banks in the U.S., U.K. and Europe with global capital markets operations saw their ratings cut by Moody’s, some by as many as three notches.
Deutsche Bank Selling Chunk of Asset Management Business
The decision to sell was made in the wake of a strategic review of the business that was spurred by changing conditions within the industry that included regulatory reforms.
Q2 Earnings Outlook: Financial Firms’ Reporting Season Off to Good Start
But with new rules hitting banks, corporate results could face headwinds in the second quarter of 2011.
Millionaire Watch: Where They Live, How Many There Are and What They Invest In
North America is where it's at, despite the current state of the economy, at least that's the case for world's millionaires, 31% of whom live there, according to a CapGemini/Merrill Lynch study.
RBC Advisor, Custodian Groups Hire Team to Serve RIAs, Indie Broker-Dealers
RBC Correspondent and Advisor Services announced Wednesday that they are adding a new team of four senior relationship managers with over 75 years of combined experience to support and drive business growth for RBC's RIA firms and independent broker-dealers.
RBC Wealth Management Posts Strong Q3 Results
Insurance also posts increased earnings