Brokerages

Source: news.yahoo.com --- 41 days ago
Reuters - Wachovia Capital Markets said the third quarter will be a "quarter to forget" for Wall Street investment banks and slashed its estimates for Goldman Sachs , Lehman Brothers and Morgan Stanley . ...

Source: articles.moneycentral.msn.com --- 28 days ago
NEW YORK (AP) - Shares of retail brokerage firms tumbled late Monday morning amid fallout from the further collapse of the credit markets and struggles at financial services firms. ...

Source: dealbook.blogs.nytimes.com --- 26 days ago
Morgan Stanley’s decision to report its third-quarter results a day early doesn’t seem to have calmed Wall Street’s fears about the viability of its business model. The investment bank’s shares plunged 38 percent Wednesday morning amid a broad sell-off in the market that hit financial stocks especially hard. The downdraft also caught Goldman Sachs, whose shares [...] ...

Source: economictimes.indiatimes.com --- 38 days ago
The fall in trading activity, due to sharp market downturn, has resulted in Brokerages being loaded with unduly high costs. Smart investor | Managing investments ...

Source: www.financialpost.com --- 3 hours ago
The signs that Canada’s independent Brokerages are being hit hard by the global credit crisis aren’t as visible as for their U.S. counterparts. But with equity underwriting all but dried up and trading down, times are tough and getting tougher, industry watchers say. ...

Source: sanfrancisco.bizjournals.com --- 27 days ago
Major San Francisco Bay Area insurance Brokerages, including ABD/Wells Fargo and Aon Risk Services, were caught up Tuesday in the drama surrounding the fate of troubled insurance giant AIG. ...

Source: www.philly.com --- 16 days ago
Q: I want to open a brokerage account, but the firms I checked require between $1,000 and $5,000 up front. What can I do? - T.R., Hickory, N.C. ...

Source: www.businesswire.com --- 20 days ago
NEEDHAM, Mass.--(BUSINESS WIRE)--Although asset managers have remained relatively unscathed by the turmoil that has rocked their sell-side peers, new research from ...

Source: seekingalpha.com --- 25 days ago
Chris Krasowski submits: Last of a dying breed? Morgan Stanley (MS) and Goldman Sachs (GS) remain Wall Street's two independent brokerage houses, and for that fact, their shares are being sold off heavily day in and day out. Despite the fact that both companies beat reduced earnings expectations for the quarter, they are being lumped into the same selling frenzy as their industry com padres due to their heavy reliance on leveraged investments. Goldman profit fell 70% year-over year but the company still managed to make ends meet. The yearly comparisons are not pretty considering Goldman's record 2007 financial year. $810Million in profit ($1.81/share) vs. $2.81Billion ($6.13/share) last year. Overall revenue was down also from $12.3Billion to $6.04Billion. Complete Story » ...

Source: www.moreover.com --- 24 days ago
Crains ChicagoBusiness Sep 19 2008 1:26AM GMT ...

Source: emisweb03.securities.com --- 35 days ago
Nishanth Vasudevan MUMBAI: They are among the biggest critics of companies with high and unsustainable cost structures. However, they appear to have fallen prey to the same. ...

Source: www.zawya.com --- 19 days ago
The UAE is planning to introduce a federal law organising share dealing on its two markets as part of a drive to attract capital, according to a senior official. ...

Source: www.insurancedaily.co.uk --- 4 days ago
Oval Group, the insurance broker consolidator, has made two new purchases: Powell Insurance Brokers of Liverpool and Wrexham-based Williams Insurance Brokers. The acquisition of Powell, which employs 40 staff and has turnover of £3.4 million, will strengthen Oval’s position in north-west England, where the group has plans for further expansion. Powell specialises in the corporate sector [...] ...

Source: www.topix.com --- 4 days ago
The U.S. financial crisis is nothing if not democratic. Its list of victims runs the gamut, from once-mighty banking empires to the used-car dealer down the street. ...

Source: www.topix.com --- 9 days ago
Vietnam has ``too many'' Brokerages, forcing them to cut jobs and salaries after the market plunged because of government measures to tackle rampant inflation , the Vietnam Association of Securities Businesses ... ...

Source: blog.goldsilver.com --- 39 days ago
Wachovia Capital Markets said the third quarter will be a “quarter to forget” for Wall Street investment banks and slashed its estimates for Goldman Sachs, Lehman Brothers and Morgan Stanley. ...

Source: www.stockbrokerfraudblog.com --- 41 days ago
As part of his widening investigation into the auction-rate securities market collapse, New York Attorney General Andrew M. Cuomo has subpoenaed Charles Schwab, Fidelity, E*Trade Financial, TD Ameritrade, Oppenheimer & Co. , and other ‘downstream’ Brokerages that sold the securities to clients even if they did not underwrite them. The Regional Bond Dealers Association had told Cuomo, in an August 15 letter, that entities that sold ARS to its clients but had nothing to do with managing their issuance should not be made to repay clients back at par illiquid the way financial services firms, such as Citigroup Inc. , Morgan Stanley , Wachovia Corp , JP Morgan Chase and Co , UBS AG , and Goldman Sachs Group Inc., are now required to do, so per their settlements with federal and state regulators. The RBDA says downstream Brokerages did not know that ARS were illiquid, rather than “highly liquid cash equivalents” that many Wall Street firms presented them to be. The NY AG Special Assistant Benjamin Lawsky, however, says that the downstream Brokerages’ culpability will depend on what their probe reveals. He says the NY AG’s probe has already discovered some “disturbing facts” that contradict the downstream Brokerages’ claims of innocence. Federal and state regulators have maintained that financial firms told their clients that ARS were highly liquid and easily redeemable at auctions. The ARS auctions started failing in February, which made it ...

Source: www.fwicki.com --- 38 days ago
September 4, 2008 - Agent Media , publisher of the Agent's Sales Journal , recently launched eMarketing Suites, a unique electronic lead-generation program. ...

Source: www.foreclosurewarehouse.com --- 41 days ago
In Indianapolis real estate, about 40 percent of mortgage Brokerages have lost their licenses. These mortgage Brokerages have failed to comply with a newly introduced law that has been aimed at elevating the industry standards in Indianapolis having one of the highest foreclosure rates in the nation. This is a 2007 industry-backed law that states [...] ...