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.
Regions
Risk council designates AIG and GE Capital as systematically important
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
Trade outlook in China worsens as exporters lose trading confidence
China trade outlook worsens as exporters lose trading confidence. China trade outlook worsens as exporters lose trading confidence. Traders are apprehensive as they face weak external demand, along with rising labour costs and the seen rise of the yuan currency.
India reviews preferential policy for local electronic goods
Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.
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.
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India's commerce and industry minister, Anand Sharma, said that India was ready to begin talks regarding bilateral investment treaty.
Leaps's average 1,320 contracts per day climbed to 7,139 contracts which raised questions from options analytics.
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.
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.
