FierceFinance is the financial services daily monitor, with news covering the banking industry, asset management, capital markets and SEC regulations. Join
45,000+ bankers and fund managers who get FierceFinance via email for a quick daily briefing from an insider perspective. Sign up today!
Even after the bailout of Bear Stearns, of Fannie and Freddie, and then AIG, the government has decided that it needs to do more. So what we're seeing now are extraordinary moves that are designed to... Read more...
Floor denizens at the New York Stock Exchange are used to being called dinosaurs, anachronisms and colorful characters and the like. Certainly, enough 'end of an era' stories about them have been... Read more...
The NYSE Group has hired another big name Goldman Sachs executive. Duncan Niederauer will join the company as president and co-chief operating officer. He'll be in charge of cash equities... Read more...
At last, Putnam has been sold. Great-West Lifeco, a unit of Canada's Power Financial, will buy the fund company from Marsh & McLennan for $3.9 billion in cash. Read more...
The annual meeting season is upon us. While there will be more shareholder resolutions up for a vote than ever before, it's a fair bet that top mutual funds will most often side with management.... Read more...