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By JESSICA SILVER-GREENBERG Amid all the junk mail pouring into your house in recent months, you might have noticed a solicitation or two for a “professional card,” otherwise known as a small-business or corporate credit card. If so, watch out. While J.P. Morgan Chase & Co.’s Ink from ...Read More
The Fed will co-host a conference on the future of housing finance this fall amid intensifying efforts by policy makers and bankers to address a root cause of the financial crisis. View the entire post here: Fed, FDIC Team Up to Examine Future of Housing Finance
By ELEANOR LAISE Computer-driven mutual funds, chastened by a string of poor results and a wave of redemptions, are striving to bring more of a human touch to their investment decisions. Journal Reports Read the complete Investing in Funds report . These so-called quantitative funds, which rely largely ...Read More
A little-noticed lawsuit says a lot about how investments are marketed. Late last month, Select Sector SPDR Trust sued Invesco PowerShares for trademark infringement. The suit alleges that by using similar trading symbols, or “tickers,” to those of the Select Sector SPDR exchange-traded funds, PowerShares dealt “damage to ...Read More
Could Wall Street be about to crash again?This week’s bone-rattlers may be making you wonder.I don’t make predictions. That’s a sucker’s game. And I’m certainly not doing so now.But way too many people are way too complacent this summer. Here are 10 reasons to watch out. 1. The ...Read More
With the “flash crash” seared into investors’ minds, would they trust a financial planner who climbs out of a computer?New online financial-planning services, led by a Philadelphia-based startup called Veritat Advisors, aim to replace the traditional in-person approach with a faster, cheaper beam-me-into-your-living-room model. Here, you feed details ...Read More
It is the fund fee that refuses to die.On July 21, the Securities and Exchange Commission proposed capping so-called 12(b)1 fees, which can eat away at mutual-fund returns in perpetuity.Named after the rule that created them in 1980, these levies cover a variety of costs, including advertising and ...Read More
By MARY PILON Investors have yet to make peace with their financial-services firms. At least that’s what the results of the J.D. Power and Associates 2010 U.S. Full Service Investor Satisfaction Study, released Monday, indicate. The study measures investor satisfaction on a 1,000-point scale. This year, overall satisfaction ...Read More
By ANNA PRIOR Maybe the good ol’ U.S.A. isn’t such a bad place to invest, after all.In Europe, Greece is dealing with the ramifications of its crippling debt crisis. Spain announced plans to bail out banks reeling from its housing-boom collapse and sovereign-debt concerns. Portugal, Italy and Ireland ...Read More
Sens. Christopher Dodd (D., Conn.) and Blanche Lincoln (D., Ark.) are trying to calm furious bankers and business groups over an early morning change to the financial overhaul bill that critics now say could completely disrupt the way companies hedge against risk. View the entire post here: Dodd, Lincoln ...Read More