Onetime DWS exec Philipp Hensler is said to have been on the short list for the job last summer before OppenheimerFunds settled on Carey.
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.
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.
The SEC voted today to zap short-sales. How? By reviving a Depression-era -- yes, Depression-era -- 'circuit-breaker' rule.
'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.
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 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.
Earnings outpacing market sentiment, analysis shows. Says one investment strategist: 'The recovery is real, it's V-shaped and it's got legs.'
Sizeable haul for the bank's CEO actually worked out to a 6% pay cut from the previous year
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.'