Retail Asset Management News

Facebook’s long-awaited initial public offering will come in the third week of May, according to a report in AllThingsD.

The tech blog’s co-founder Kara Swisher broke the news Monday, citing multiple sources (and boasting that she called 143...). A May IPO would mean Facebook has ...

By Mark Gongloff

Q: What’s the difference between AAA and AA+? That doesn’t sound so bad.

A: It’s not so bad — and there’s not much difference. Technically, AA+ is considered “high grade” credit, while AAA is “prime.” The likelihood of getting paid back by a AA+ credit is c ...

By SUSANNE CRAIG

BlackRock, the world’s largest asset manager, said on Wednesday that its second-quarter profit rose 25 percent, to $578 million, spurred by strong showings in most of its divisions.

While other financial firms get felled by mortgage liabilities, trading misses and othe ...

BY ERIC DASH

Wells Fargo, the nation’s biggest consumer bank, said profit rose 29 percent in the second quarter from the period a year earlier as loan losses eased significantly.

The bank reported record second-quarter earnings of $3.9 billion, or 70 cents a share, beating the 69-cents-a-sha ...

BY BEN PROTESS

Stock brokers are on notice to watch what they “tweet.”

Wall Street’s self regulatory organization, the Financial Regulatory Authority, has suspended a California-based broker for sending a series of “misrepresentative and unbalanced” messages on the microblogging site ...

Investors need to know what they’re investing in. Is it an exchange traded fund, an exchange traded note, maybe even an exchange traded commodity for outside the U.S. investments. It’s important especially if another Lehman event were to happen, notes Deborah Fuhr, managing director and global h ...

BY ERIC DASH

JPMorgan Chase reported on Thursday that second-quarter profit rose 13 percent, to $5.4 billion, from the period a year earlier, despite lingering mortgage troubles and lackluster trading results.

It was a decent start to earnings season for the banking industry, which is confront ...

BY BEN PROTESS

At a meeting in February to discuss the recent overhaul of financial regulations, lobbyists and policy makers never once mentioned Wall Street. They did not talk about derivatives, mortgage-backed securities or any of the exotic products at the center of the crisis.

Instead, Mar ...