Broker Dealers
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Financial Reform Bill and the Fiduciary Standard for Brokers
By Kate McBrideAs the language in the financial services reform bill, which the Senate passed, 60-39, on Thursday, July 15, gets parsed, rumors still abound about how it all will affect financial services firms, regulators and investors.
July 14, 2010
Old Mutual Adds Invesco Portfolio Management Team to Roster of 18 Boutique FirmsOld Mutual Asset Management has agreed to buy Invesco Ltd.'s eight-person international equity portfolio management team led by Hans van den Berg, formerly of Morgan Stanley.
July 14, 2010
EBRI Says Half of Boomers Likely to Outlive Retirement SavingsA study by the Employee Benefit Research Institute (EBRI) finds 64% of Americans in the two lowest income levels will run short after 10 years in retirement.
July 14, 2010
U.S. Retail Sales, Business Inventories and Sales, Import-Export Prices Signal Slower RecoveryIn a day rife with disparate economic data, U.S. business inventories were up but trade and manufacturers' sales fell along with retail and food services sales, and import and export prices both declined.
July 14, 2010
Conference Board Gives Guidance on Cash-Settled Equity DerivativesThe Conference Board released guidance for directors of public companies on July 14, to prevent shareholders from accumulating undisclosed equity stakes by means of cash-settled derivatives, or to address situations where this has occurred.
July 14, 2010
FOMC Releases June MinutesThe Federal Open Market Committee (FOMC) released the minutes of its June 22-23 meeting on Wednesday, July 14, along with economic projections from Federal Reserve Board members and Reserve Bank presidents.
July 14, 2010
JPMorgan, Schwab Will Kick Off Q2 Earnings SeasonThe second-quarter earnings season kicks off for many financial companies starting Thursday, July 15. Most firms in the sector will report their latest results in July, though a few will share the second-quarter figures in early August.
July 13, 2010
Financial Reform: Passage This Week, Senate Sources PredictThree key Republican Senators now on board to support the bill.