NEW YORK (Reuters) - Fidelity Investments has launched a service to help retail brokers determine how profitable it would be for them to leave their brokerage house and hang out their own shingle.

NEW YORK (Reuters) - CIT Group Inc <CITGQ.PK> on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year.

The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery.

The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday.

BEIJING (Reuters) - The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday.

Shares of Bank of America stock rose more than 3.5 percent Wednesday after billionaire hedge fund manager John Paulson told investors that he expects the stock price to almost double in the next two years.

By Kevin Drawbaugh

In a report released Tuesday by the comptroller of New York State, Wall Street profits in 2009 are on track to exceed the record set three years ago, reports the New York Times.

Citigroup says its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.

Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO Vikram Pandit will continue to collect a salary of $1 per year.

Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States.

By Kevin Drawbaugh

A key U.S. congressional panel moved toward toughening a plan for dealing with "too big to fail" financial firms on Tuesday, while rejecting a Republican alternative that is expected to reappear later.

The value of loans held by the largest banks who received the largest amounts of government bailout support fell for an eighth consecutive month in September, according to the Treasury Department.

NEW YORK (Reuters) - Citigroup Inc <C.N> said on Tuesday it boosted the base salaries for its chief financial officer and a global markets co-head, but still plans to pay Chief Executive Vikram Pandit $1 for the year.