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Financial Industry Wants Fed As Its Watchdog

by Editorial Staff

Wed, Dec 16, 2009

The Federal Reserve "is the financial fire department... to which financial institutions and markets naturally turn in time of crisis," say the leaders of MetLife, Goldman Sachs and other large financial services companies.

The House Passes Financial Regulation Without Republicans

by Editorial Staff

Wed, Dec 16, 2009

The bill consolidates several existing federal agencies into a single Consumer Financial Protection Agency that would set rules on credit cards, mortgages and loans.

Big Money Gravitates to Wirehouse Stars

by Editorial Staff

Wed, Dec 16, 2009

About 80% of wirehouse assets, or $3 trillion, is managed by advisor teams that manage over $200 million each, Cerulli Associates reported.

JPMorgan Dials Down Its Return Expectations

by Editorial Staff

Wed, Dec 16, 2009

Expected returns for both domestic and international large-cap stocks were lowered to 7.5% a year for the S&P 500 and to 7.75% for MSCI EAFE.

Goldman Sachs Announces Compensation Changes

by Editorial Staff

Wed, Dec 16, 2009

The 30 members of the firm's management committee will receive all of their discretionary compensation in shares whose sales are restricted for five years.

An Announcement From Chairman Scrooge

by Editorial Staff

Wed, Dec 16, 2009

Less than a quarter (24%) of 300 companies surveyed by Hewitt Associates are offering holiday bonuses this year, down from 42% in 2008.

Another Departure from MassMutual Retirement Income

by Editorial Staff

Wed, Dec 16, 2009

Gary F. Baker, vice president in the retirement income business division of Massachusetts Mutual Life Insurance Co., has left the company.