When it comes to predicting where U.S. borrowing costs are headed, the bond market isn't taking Wall Streets advice seriously.
Royal Bank of Canada, the first Canadian lender to report third-quarter results, said profit rose 4% to a record, led by investment banking, and boosted its dividend by almost 6%.
Emerging-market stocks headed for the biggest weekly jump since March on speculation China will take steps to support the economy and as Russia pledged to de- escalate the conflict in Ukraine. Malaysias ringgit rose.
The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality.
UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday.
Julius Baer Group, Switzerlands third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region.
Treasuries fell for the first time in three days, with benchmark 10-year yields rising from a seven-week low, as haven demand ebbed a day after a Malaysian airliner was shot down over Ukraine.
Puerto Rico Gov. Alejandro Garcia Padilla came out swinging with a defense of his economic and fiscal programs after Moody's Investors Service lowered the island's credit ratings farther into junk territory.
Barclays was so bent on lifting its private trading venue to the upper ranks of Wall Street dark pools that it lied to customers and masked the role of high- frequency traders, according to New Yorks attorney general.
Most of the worlds economic growth will come from outside the U.S, yet most American investors are still under-diversified in international assets.
With Europe still slowly muddling its way to recovery, investors looking for returns in developed nations should give Japan a second look, argue two experts.
The boom in fixed-income derivatives trading is exposing a hidden risk in debt markets around the world: the inability of investors to buy and sell bonds.
Leuthold Global ranges broadly, hoping to find themes that are in favor no matter what the markets throw its way.
Royal Bank of Canada, the first Canadian lender to report second-quarter results, posted profit that beat analysts estimates on record earnings from wealth management and a lift from trading.
Mohamed El-Erian, who quit Pimco in January amid reports of clashes with Bill Gross, said the legendary bond manager is still one of the world's great investors.
UBS is expanding its wealth management business in Asia and emerging markets by hiring client advisors, Juerg Zeltner, who heads the division globally excluding the U.S. and Canada, said in an interview.
The dollar snapped six weeks of declines against the euro, the longest losing streak in more than six years, as the Federal Reserve signaled its moving toward raising interest rates.
The dollar gained versus all its major counterparts after Federal Reserve policy makers indicated theyll probably raise interest rates by the middle of next year with the U.S. economy showing signs of strengthening
Bonds from Puerto Rico's record $3.5 billion general-obligation sale accounted for one-third of the trading volume of the entire $3.7 trillion municipal market on the day of their issue.
Emerging-market stocks headed for the steepest weekly drop since June while currencies weakened amid growing concerns that China's economic slowdown and Russia's standoff with the West will spur capital outflows.
Bullion advanced 14% this year, rebounding from the biggest annual drop since 1981, as concern economic growth in the U.S. and China is slowing and the crisis in Ukraine spurred demand for a haven.
Puerto Rico came to market with $3.5 billion of general obligation debt Tuesday, tapping the municipal bond market with GOs for the first time in two years.
Credit Suisse Group, which runs Asia's third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.
Emerging-market stocks rebounded and Russia's Micex Index rallied the most since May 2010 as President Vladimir Putin signaled a de-escalation of the crisis with Ukraine. The ruble climbed from a record low.
The iShares MSCI Emerging Markets Index fell for a second day as the International Monetary Fund said risks of turmoil in developing nations threaten the global economy.
While traditional active management is likely to continue to be "the core" of asset management, passive and alternative strategies are on track for faster growth, according to PwC's new report.
Standard & Poor's 500 Index companies are exceeding analyst sales forecasts by the most since 2012, a sign rising consumer demand is fueling economic growth as the bull market approaches its sixth year.
Janet Yellen, taking charge as Federal Reserve chairman, let lawmakers know she's united with her policy committee and sees few risks that could derail a plan to steadily reduce the Fed's bond purchases.
The Fed's tapering policy will likely result in a moderate rise in interest rates accompanied by modest equity returns, according to one investment strategist.
Treasuries fell, pushing 10-year note yields higher for a third day, as a report showed initial claims for unemployment benefits fell last week, reducing haven demand.
While some financial advisors can be intentionally vague when detailing embedded risks to clients, others do not fully understand the risks themselves, says the author of a new book that looks at the "incestuous" relationship between Wall Street, Washington and regulatory agencies.
Client investments in emerging markets, China and Japan should be watched closely by financial advisors, according to global markets experts speaking at TD Ameritrade Institutional's national conference.
BlackRock Chief Executive Officer Laurence D. Fink warned there is "way too much optimism" in financial markets as he predicted repeats of the market turmoil that roiled investors this week.
Bank of Nova Scotia's ING Direct unit sees growth potential in wealth management after it completes efforts to add deposits and customers and introduces a credit card, said Peter Aceto, who heads the business.
International investors are the most upbeat about the global economy than at any time in almost five years, buoyed by the U.S.-led revival of industrial nations, according to the Bloomberg Global Poll.
In this newly created role, Philip Poole will lead research activity across the firms investment platform globally.
Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers.
UBS AG, Switzerland's biggest bank, is considering a spinoff of its investment banking business as regulators demands for more capital thwart efforts to boost returns, according to Mediobanca analysts.
Deutsche Bank AG, Europe's biggest investment bank by revenue, will review whether to punish senior employees including Alan Cloete for their roles in the interest-rate rigging scandal, according to a person with knowledge of the matter.
Wall Street's biggest banks say the slump in emerging-market assets that left equities trailing advanced-nation shares by the most since 1998 last year will prove more than a fleeting selloff.
Treasuries reached the cheapest level relative to stocks in 3 1/2 years before U.S. data today projected to show durable-goods orders rebounded, bolstering the case for the Federal Reserve to further slow stimulus.
Hedge funds got less bullish on gold before prices dropped to the lowest level since 2010, leaving the metal poised for the worst annual loss in 32 years as investors dump bullion at a record pace.
While the landscape for low-cost fund options for do-it-yourselfers is expanding, John Bogle, founder and retired CEO of the Vanguard Group, believes DIY product offerings are too often inappropriate for long-term investors, who are at risk of being led astray.
The U.S. Treasury Department has signed intergovernmental agreements with the Cayman Islands and Costa Rica in an effort to combat offshore tax evasion as part of the implementation of the Foreign Account Tax Compliance Act.
A unit set up by the IRS to improve international tax compliance by individuals is paying off, according to a new government report, enabling IRS auditors to assess an additional $36 million in taxes for fiscal years 2011 to 2013.
Currencies and commodities were added to a list of financial products and related activities that are subject to investigation, according to a regulatory filing published by the New York-based company today.
Germany has much to lose by leading the EU bailout, but more to lose if it doesn't.
The firm is trying to find if its advisors improperly offered non-purpose loans to clients for purchase of its securities.
UBS OConnor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.
These investment strategists say they believe the emerging economies in the world are where equity opportunities are to be found.
Foreign investors should be diversified in order to survive this period of market volatility.
Predictions of a hard landing for this nation's economy are overblown.
Kumpulan Wang Persaraan (Diperbadankan), Malaysias second-biggest pension fund, is looking at real estate assets in Australia and the U.K. as it seeks to increase its investments overseas.
Switzerland said it has agreed to a draft plan with the U.S. for the countrys banks to settle a tax-evasion dispute after years of diplomatic wrangling.
The Internal Revenue Service has provided summaries and a set of tips to help with compliance for some of the more complex areas of the foreign tax credit law.