Broker Dealers
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IRA Assets Now Surpass 401(k)s, Report Shows
By Staff WriterIRA assets now trump their 401(k) counterparts due in part to rollovers from job separations, according to a new report from Cogent Research.
April 26, 2010
Cloture Vote Fails in Senate on Dodd Bill; 2d Vote Expected Later in WeekSenate Republicans block debate on the financial services reform bill April 26, the GOP also vowed the same day to introduce an alternative financial services reform bill. A second vote is expected this week following more negotiations
April 23, 2010
Morgan Stanley's Branch Plans: Consolidation to 750 Offices in U.S.In the latest quarter (ended March 30, 2010), MSSB had 18,140 financial advisors, down a tad from 18,135 in the fourth quarter of 2009 and 18,444 in the second quarter of 2009.
April 23, 2010
Sens. Akaka/Menendez Press to Include Fiduciary Duty for Brokers in Final Reform BillInvestors and consumer groups urging Senate to co-sponsor Akaka/Menendez provision
April 23, 2010
Stocks Rise on Economic Reports and Greek Bailout RequestWith Greece formally requesting a bailout package and positive economic reports in the U.S., stocks across Europe and the U.S. rose Friday, April 23, but uncertainties over Greece's long-term stability dented the bond market.
April 23, 2010
Sales of New Homes Rise at Fastest Pace in 47 YearsThe drumbeat of positive news in the housing market continued for a second day, as sales of new homes in March had its biggest monthly jump in 47 years, the Commerce Department reported Friday, April 23.
April 23, 2010
Greece Formally Asks for Bailout Plan to BeginGreek Prime Minister George Papandreou on Friday, April 23, formally asked the European Union (EU) and the International Monetary Fund (IMF) to dispense the financial aid package that was arranged two weeks ago.
April 23, 2010
Orders for Durable Goods Pulled Down by Transportation SectorOrders for durable goods fell unexpectedly in March by 1.3%, but just beneath that disappointing number was an important, positive result.