Hensler to replace Carey as Oppenheimer distribution chief: sources

Onetime DWS exec Philipp Hensler is said to have been on the short list for the job last summer before OppenheimerFunds settled on Carey.


A wee spot of bother

Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.


Advisers on the advisory biz: Full speed ahead this year

Following the tumult of 2009, advisers see better days ahead for their practices this year--with the majority of advisers now focused on growing their businesses again.


SEC votes to short-circuit short sales

The SEC voted today to zap short-sales. How? By reviving a Depression-era -- yes, Depression-era -- 'circuit-breaker' rule.


Didn’t see this one coming: Investment ‘psychic’ charged with fraud

'America's Prophet' and investment adviser Sean David Morton said he used psychic powers to predict the movement of the stock market. One move Morton probably didn't see coming: the government charged him with fraud.


Volatility got you down? Turn to option collars

To manage the latest bout of market volatility, consider an option collar strategy. Option-phobic advisers take heart: There is no need to embark on a wild ride or trade all day long.


ING’s insurance unit flops in the fourth quarter

ING Groep NV, one of Europe's largest banking and insurance groups, reduced its losses to €712 million ($980 million) for the fourth quarter on Wednesday, reflecting a mixed operating performance and a big charge related to an earlier bailout.


‘Incredibly inexpensive’ U.S. stocks cheapest since 1990

Earnings outpacing market sentiment, analysis shows. Says one investment strategist: 'The recovery is real, it's V-shaped and it's got legs.'


BNY Mellon’s Kelly pulled down $11.6M in ’09

Sizeable haul for the bank's CEO actually worked out to a 6% pay cut from the previous year


Is internal e-mail the smoking gun in Morgan Keegan case?

A 2007 memo from director of investments Gary Stringer questions the asset-backed bets in one of the firm's bond funds. 'Mr. & Mrs. Jones don't expect that kind of risk.'


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