NEW YORK (Reuters) - Charles Schwab Corp <SCHW.O> expects to waive about $100 million in money market fees in the current quarter, up 28 percent from the previous quarter, the largest U.S. discount brokerage said on Thursday.
Next to a Chinese restaurant in Burlington, Vt., lurks a quiet guardian of Wall Street — an obscure insurance company that is supposed to protect big-money investors in the event of a catastrophic failure of a major brokerage firm. A failure, for instance, like the one that brought down Lehman Brothers nearly 11 months ago. Now, after years in the shadows, the insurer, the Customer Asset Protection Company, could finally be put to the test, and questions are starting to swirl.
Monday, 20 Jul 2009 | Source: The Associated Press
TD Ameritrade has agreed to buy back $456 million in auction-rate securities from investors in New York and across the US, New York State Attorney General Andrew M. Cuomo said Monday.
Thursday, 11 Jun 2009 | Source: The New York Times
About two months ago, I wrote a column about how Matthew Weitzman, our family’s financial planner, was under investigation for reportedly siphoning money from clients’ accounts. Well, the ax finally fell on Wednesday.
Tuesday, 5 May 2009 | Source: The Associated Press
The head of the Securities and Exchange Commission said Tuesday she is making the issue of new rules restricting short-selling a priority as the agency hears from an array of interests about ways to limit trades that bet against a stock.
Don't let the pundit-speak about "lagging indicator" or the market's move Friday fool you, the job market is crucial to the stock market right now.... Read More
Companies including TD Ameritrade, Coach and Turkey's Turkcell could be on Warren Buffett's radar, according to a quantitative screen by Standard & Poor's.... Read More
Economists forecast the GDP number to show growth anywhere from just under 3 percent to as high as 4 percent - the first positive growth for the U.S... Read More