Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley. Bank of America Corp's Merrill Lynch hired veteran brokers from its rival, Morgan Stanley Wealth Management.
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Paulson's gold fund falls 65% through June
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
US venture firm Q2 fundraising decreases 54%
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
Praet: ECB's rates to remain low while inflation is moderate
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
Reuters: Adviser departures in 2013 lower than 2012
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
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According to Michael Steinberg's lawyers, his trial might be biased due to the wall-to-wall media coverage.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Bangladesh dubbed as king in the knitwear manufacturing and exporting industry. Bangladesh is dubbed as the hero in the knitwear manufacturing and exporting industry.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
According to sources, signing and enactment of Colombian pension fund decree may be delayed. Colombia's Finance Minister, Mauricio Cerdenas, may announce that the signing of the pension fund decree could be delayed, according to high-level government and industry sources.
According to the Argentine central bank, the Evita bank notes are legal tender. The Argentine central bank said in a statement this week that "The 100-peso bills with the image of Maria Eva Duarte de Peron are legal tender and must be accepted by all retailers and financial institutions.
Utah Senator Orrin Hatch introduced a bill said to alleviate the underfunding problem of US pension funds.
UBS gained back the title of largest private bank UBS gained back the title as the world's largest private bank as fresh client funds surged in the previous year.
According to sources, Pinnacle Foods and Fresh Del Monte were considering to place bids for Del Monte Foods.
