brokerage
July 7, 2011 - 5:20am | Investment industry | News
|
|
Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup, unveiled that the personal data of 34,000 investment clients stored on two CDs was lost in transit to a government office last month, says the Wall Street Journal report.
The Journal says that the CDs were password protected but not encrypted. They went gone after the brokerage company mailed them to the New York State Department of Taxation and Finance. |
0 points
September 1, 2009 - 7:55am | Articles | Banks and internet banks
|
|
On Monday Citi reported that it sold three credit card portfolios representing $1.3 billion in managed assets, as part of a plan to unload weak businesses and troubled assets that caused huge losses. The company did not disclose the names of the buyers.
With no details of the deal Citi said that it will continue to service the portfolios through the first half of 2010.
|
-1 points
August 25, 2009 - 10:11am | Investment industry | News
|
|
Scottrade, a branch-supported online investment firm,, announced the launch of a new first brokerage office in Coeur d’Alene, Idaho on Monday, Aug. 31. The new office will be in the Northwest Place Shopping Center at 1450 Northwest Blvd. |
-1 points
August 24, 2009 - 2:02pm | Investment industry | News
|
|
Barclays Capital, the investment banking division of Barclays Bank PLC, has launched its web client portal known as Barclays Capital Live. On the portal clients can get access to research, indices, analytics, reporting tools and electronic trading through BARX. "Our investment in Barclays Capital Live underscores the firm's commitment to providing clients with exceptional intellectual capital and online tools. |
0 points
August 19, 2009 - 10:25am | Investment industry | News
|
|
E*TRADE FINANCIAL Corporation released its Monthly Activity Report for July. The report shows that the company ended the month with record brokerage accounts of more than 2.7 million, including gross new brokerage accounts of 30,019 and net new brokerage accounts of 7,467. Total accounts ended the month at more than 4.5 million. Total Daily Average Revenue Trades (“DARTs”) for July were 176,180 – a decrease of 10.3 percent from June and 3.6 percent from the year ago period.
|
0 points
August 17, 2009 - 3:49am | Fraud | News
|
|
The Wall Street Journal reported that New York Attorney General Andrew Cuomo is filing a lawsuit against Charles Schwab Corp for civil fraud as a part of investigation into probing illegal marketing and sales of auction rate securities (ARS). Citing people with the knowledge of the case the Journal reports that Cuomo will likely present transcripts of recordings between Schwab brokers and customers that allegedly show how the ARS were misrepresented by brokers as easy-to-sell alternatives to cash.
|
0 points
August 6, 2009 - 10:36am | Investment industry | News
|
|
BATS Global Markets, a U.S. stock exchange, announced that it is the first U.S. securities exchange to provide a Web-based real-time display giving members access to detailed information about their connections to the BATS trading platform. With the new display authorized members can decline all open orders at the port or firm level directly through the online interface. Previously, members were required to submit order cancellation requests to the BATS Exchange Trade Desk.
|
0 points
June 29, 2009 - 11:37am | Investment industry | News
|
|
TD AMERITRADE Institutional, that is a division of TD AMERITRADE Holding Corporation, on Monday released the results of the independent registered investment advisors (RIAs) survey. It was found that RIAs inquired continue to report strong growth as investors move their money from wire houses to independent advisors.
|
-2 points
June 15, 2009 - 8:04am | Investment industry | News
|
|
According to the latest reports Morgan Stanley and Citigroup will have to wait for up to two years before they could have the full benefits of their brokerage joint venture as the complexity of merging information technology systems delays integration. These IT problems caused much disappointment with the 18,500 financial advisers of the new business who had expected to be able to sell products from both firms to their clients.
|
0 points
June 9, 2009 - 8:15am | Law aspects | News
|
|
A lawsuit against Banc of America Securities LLC and Banc of America investment Services, Inc., the investment banking and securities broker-dealer arm of Bank of America, was at last settled with an agreement reached with the California Department of Corporations. The agreement includes the return of over $3 billion dollars to investors in California. |
0 points
April 24, 2009 - 5:19am | Articles | Markets
|
|
Japan's largest brokerage, Nomura, reported 709.4 billion yen ($7.3 billion) losses for the fiscal year ended in March 2009, setting the country’s historic fiscal-year loss, while year-ago period revealed 67.8 billion yen loss volume.
This fiscal year loss surpassed all the expectations. According to data provided by FactSet Research, the market expected 611.6 billion yen net loss for the fiscal year ended 2009, on average.
|
0 points
March 26, 2009 - 7:36am | Banks and internet banks | News
|
|
Mitsubishi UFJ Financial Group Inc., Japan's largest finance company, and Morgan Stanley, a global financial services provider, announced on Thursday about signing up a deal to merge their Japanese securities units. The agreement reveals the financial giants’ intention to create the second-largest brokerage in Japan while forming the base for a new global alliance that claims to become second in size in the Japanese securities market after Nomura Holdings.
|
-1 points
January 13, 2009 - 4:28am | Banks and internet banks | News
|
|
For some years private investors were calling for Citigroup Inc. to break itself on the grounds that the company became too enormous to be properly managed. But the proposals were decline? by the executives. Now analysts expect the U.S. government to be more successful in leading one of the largest financial corporations to become small but easy controlled unit. The sale of Smith Barney brokerage business to Morgan Stanley is considered by experts as the first step in this direction.
|
0 points
January 12, 2009 - 3:25am | Banks and internet banks | News
|
|
Analysts expect the prospective combination of brokerage units at Citigroup and Morgan Stanley to incite other consolidations in the banking industry. The deal between Citi and Morgan Stanley is considered by the experts as an indicator of still weak condition of the industry. Analysts say that 2009 can be another year of multibillion- dollar losses for banks. Thus with the rising losses banks will likely consider the possibility of selling some assets to raise funds. |
0 points
January 5, 2009 - 5:18am | Fraud | News
|
|
On Friday last week the Financial Industry Regulatory Authority reported that two E*Trade Financial Corp units were charged $1 million fines for their not being compliant with the anti-money laundering regulations which resulted in their failure to detect suspicious trades. The regulator found e*Trade's approach in monitoring such kind of issues unacceptable.
|
0 points
|
Did not find what you want? Try to search all ecommerce sites!
|
|
|
