Biden's platform touches on toughening rules that make financial advisers legally obligated to put clients' interests first.
Retail broker TD Ameritrade has announced it’s buying competitor Scottrade in a $4 billion deal, hoping to shore up the low-cost stock trading industry as it deals with declining revenue and growth. Online brokerages helped popularize trading for the masses in the 90s, but now they’re under pressure as investors move to more passive investing […]
To lure more investors, BlackRock is cutting ETF fees.
Federal regulators are proposing new rules to protect retirement savings. As part of Obama’s stated plan to bolster the middle class, the Labor Department proposed changes to the Employee Retirement Income Security Act. The rules are designed to protect retirees from investment brokers who put their own financial interests above their clients and eliminate conflicts […]
If you see a vacant building for lease in the neighborhood, chances are there was a bank there at one point. We’re seeing it at financial institutions big and small — from Citigroup, now operating in fewer cities, to FirstMerit, which is closing 16 branches in four states. Between direct deposits and ATMs, walking into […]