Broker Dealers
Read about the industry's top broker-dealers, including news, analysis, commentaries and more.
In Crisis, Opportunity Abounds for RIAs
By James J. GreenGreeting the 1,400 advisors who gathered in Atlanta on day one of the annual Schwab Institutional Impact conference on September 24, SI's Charles Goldman argued that "as severe and unique as the crisis is, there's also great opportunity" for Schwab and its advisors during this troubling time in the markets....
September 21, 2008
Administration Proposes $700 Billion Financial Services Rescue PlanThe United States government--both the Administration and the Congress--began moving over the weekend of Sep. 20-21 to "address the underlying problem" in the financial system,...
September 19, 2008
Massive Federal Bailout on the WayIn a bid to stem the mammoth financial crisis the U.S. is now facing, top members of the Treasury Department and Federal Reserve are hammering out with Congress a plan to create a government agency that would buy distressed mortgages from banks and other financial institutions at discount prices.
September 17, 2008
Government Nationalizes AIG; Fed Leaves Rates UnchangedThe Federal government essentially nationalized the American International Group, the world's largest insurer, on Tuesday night, Sep. 16, via an announcement by the Federal Reserve that it, with the support of the Treasury Dept., would make a secured, $85 billion two-year loan to AIG so it could sell some of...
September 17, 2008
Broker/dealers are deadJohn Gapper writes in the Financial Times that, in the broker/dealer space, the bell tolls for thee. Granted he means large wirehouses, not the independent...
September 15, 2008
Wall Street StunnedWall Street is not what it used to be, for good or ill. Culminating (at least for the moment) a months-long period of market volatility and uncertainty spawned by the credit/housing crisis and punctuated by a Federal government-engineered bailout of Bear Stearns at the end of March and a Federal...
September 15, 2008
How the Wall St. Earthquake Will Affect ClientsHow are advisors reacting to the latest news of the changing landscape on Wall Street, with the bankruptcy of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America? For one thing, they're putting it into the context of the broader credit and housing crisis that has affected...
September 15, 2008
Who's on Deck?Following the demise this year of Bear Stearns, the federal takeover of Fannie Mae and Freddie Mac, the bankruptcy filing of Lehman Brothers, and the...