Economy & Markets
The important economic and stock market news that advisors need to know.
Natixis Acquires McDonnell to Broaden Fixed-Income Offerings
By Joyce HansonOak Brook, Ill.-based McDonnell, with AUM of about $13.5 billion, will affiliate with Natixis, based in Paris and Boston, with AUM totaling $711 billion.
October 16, 2012
EU Sanctions Iranian Oil, GasEU governments hit Iran with new sanctions on its oil and gas and toughened some that were already in place on the countrys banks.
October 16, 2012
German Finance Minister Wants to Change EU TreatiesGerman Finance Minister Wolfgang Schaeuble is advocating changes that will allow the EUs monetary affairs commissioner to reject national budgets and prevent non-eurozone countries, like Britain, from nixing eurozone-only measures.
October 15, 2012
8 Stock Market Omens That Influence InvestorsInvestment decisions are driven by the cold, hard factsexcept when they arent.
October 15, 2012
Finance Sector’s Q3 Growth Seen Leaving Others in DustEarly reports for the finance sectors third-quarter 2012 performance indicate that it is on track to best all other sectors, at overall profits of 11.8%, in what looks to be an otherwise lackluster earnings season.
October 15, 2012
Wells Fargo’s Silvia Tells Tiger 21 Why He’s Bearish on the Long TermWhile big business appears to be returning to normal, small businesses are considerably less optimistic about a full recovery, John Silvia, Wells Fargos chief economist, told ultra HNW members of Tiger 21.
October 15, 2012
Homeowners Sue on LIBOR ManipulationThe class action alleges that traders at the 12 banks were incentivized to manipulate LIBOR to a higher rate on certain dates, resulting in homeowners having to pay more.
October 15, 2012
Why I’m Happy With My CustodianMy positive experiences with TradePMR may give you ideas on what you should look for in a custodian.