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NEW YORK, Oct 16- Clients gave their brokers and bankers at Merrill Lynch Wealth Management and U.S. Trust more money to manage in the third quarter, but revenue at the main wealth businesses of Bank of America Corp fell from the second quarter on reduced trading activity and seasonal lassitude, the bank said Wednesday.
There's a lesson for companies in Apple's hire of Burberry CEO Angela Ahrendts: Your outfit may not really match its true image with the public.
Oct 15- Charles Schwab Corp, a U.S. discount broker, posted its highest quarterly profit since the financial crisis on Tuesday as the rising U.S. stock market fueled more customer trading. Schwab's third-quarter revenue of $1.37 billion was its best since the height of the Internet bubble more than a decade ago.
Oct 15- Charles Schwab Corp said on Tuesday that it expected revenue to rise 3 percent to 5 percent faster than expenses in 2014, a sign that the retail brokerage giant is taming costs and continues to collect assets from clients at a strong pace.
Oct 15- Charles Schwab Corp said Tuesday that it expects revenue to grow 3 percent to 5 percent faster than expenses in 2014, reversing a higher-than-expected jump in costs in the first half of the year.
NEW YORK, Oct 4- U.S. stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on, leaving investors worried about the more critical issue of raising the U.S. debt ceiling.
NEW YORK, Oct 3- U.S. stocks dropped on Thursday as investors worried that a budget stalemate in Congress would become entangled with much more critical legislation to raise the federal borrowing limit.
Wall Street briefly extended its losses and the dollar dropped on reports that gunshots were fired at the U.S. Capitol, but the moves were reversed after news that the shots were fired outside the building. Treasury Secretary Jack Lew has said the United States will exhaust its $16.7 trillion borrowing authority no later than Oct. 17.
*Gunfire forces brief lockdown at U.S. Capitol in Washington. U.S. stocks extended losses in late afternoon after shots were fired outside the U.S. Capitol but quickly recovered. Helping stocks to trim losses, the New York Times reported that House Speaker John Boehner told colleagues that he would not let the United States default on its debt.
NEW YORK, Sept 30- U.S. stocks slipped on Monday as the possibility of a partial government shutdown rose, although major indexes were on still track to close out September with solid monthly gains.
Starting next week, hedge funds will be allowed to advertise. That's good news for the suffering sector, but it will have to fight some stiff headwinds.
Cramer thinks pros may develop a thing for these financials. Are they on your dance card?
Investors in actively-managed small-cap funds have several reasons to worry, fund experts and financial advisers have warned.
Discount brokerage E*Trade Financial reported a quarterly loss because of an impairment charge of $142 million to account for its surprise exit from market making.
U.S. stock index futures struggled for direction Tuesday as investors digested a handful of mixed earnings reports.
Four financial stocks could see an upward trajectory though 2013, Fred Cannon of KBW says.
The "Fast Money" traders share their final trades of the day.
Most of the contenders that could afford to compete are funded by a single source—a billionaire. Staging the event itself is estimated to cost as much as $100 million.
Will the market continue on its march to new highs?
The SEC widened its crackdown on "naked shorting" by charging the Chicago Board Options Exchange with "systemic breakdowns" in the exchange's regulatory and compliance functions.