Bank of New York and Mellon to Merge
By Staff WriterBank of New York, the oldest bank in the U.S., and Mellon Financial Corporation said December 4 that they will merge, forming a powerful global firm that will diversify their businesses both geographically and by revenue sector.
November 20, 2006
Schwab to Sell U.S. Trust UnitCharles Schwab Corp. announced Nov. 20 that it would sell its U.S. Trust unit to Bank of America for $3.3 billion in cash in a deal that should close in the second quarter of 2007, assuming it passes the necessary regulatory hurdles. Schwab said it would record a pre-tax gain...
November 09, 2006
Podcast: Conversation with Liz Ann SondersIn this exclusive Podcast, Investment Advisor Staff Editor Kate McBride has a chat with Charles Schwab & Company's chief investment strategist in Washington, D.C. on the morning after the mid-term elections. Topics include what the election means for advisors and the economy, the outlook for the rest of this year...
November 06, 2006
Nearly 2,000 Advisors, and Alan GreenspanNearly 3,000 attendees at the 16th annual Schwab Institutional Impact conference, including some 1,900 advisors, heard Alan Greenspan on Nov. 6 laud hedge funds as "extraordinarily important" instruments that expose, then remove inefficiencies in the capital markets. Hedge fund managers' search for "niche returns," Greenspan told the audience at the...
November 01, 2006
Enough AlreadyWhen it comes to professions that Americans love to hate, sitting at the bottom of the barrel in most such surveys are used-car salesmen, journalists,...
November 01, 2006
Good Time to Be an RIAIf Deborah McWhinney should ever want to change jobs, she could easily become the RIA community's designated cheerleader. When asked in an October interview what...
October 29, 2006
Study Finds Good Advisors Are Often Tempting AcquisitionsThere were 228 mergers and acquisitions among U.S. registered investment advisor firms from 2000 to July 2006, with an estimated deal value totaling $1.5 billion, ...
October 29, 2006
Study Finds Good Advisors Are Often Tempting AcquisitionsThere were 228 mergers and acquisitions among U.S. registered investment advisor firms from 2000 to July 2006, with an estimated deal value totaling $1.5 billion, ...