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The three-hour trading halt last week in Nasdaq stocks has raised questions about the exchange's communications effort.
WASHINGTON: The U.S. House of Representatives passed a controversial bill on Tuesday that would delay two government regulators from adopting rules requiring stock brokers and retirement account financial advisers to put their customers' interests ahead of their own.
KUALA LUMPUR: The ringgit is now priced more efficiently and increasingly more reflective of Malaysia’s strong fundamentals, as the influence of external factors have been squashed. However, it is far from reflecting its fair value due to misperceptions.
NEW YORK BOSTON: Hurricane Sandy, the Atlantic's largest-ever tropical storm, will strike the East Coast today with a life-threatening surge, emptying the streets of the nation's largest cities and lashing a region of 60 million with gales, rain and even snow.
NEW YORK: Morgan Stanley hired former Goldman Sachs trader Edward Glenn Hadden to run its Treasury bond desk last year, even though his former employer had placed the trader on paid leave for about a year following an internal inquiry, said three people familiar with the situation.
WASHINGTON: While most on Wall Street continue to believe it very unlikely the United States will default on its debt later this month, banks and securities firms are already gearing up for how to handle any U.S. Treasuries tainted by missed payments.
WASHINGTON: Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking industry.
KUALA LUMPUR: Bank Negara will develop the onshore ringgit market to provide more depth to companies and investors engaged in the US dollar-ringgit trade to reduce the influence of the ringgit non-deliverable forward (NDF) market on the local currency.
NEW YORK (Reuters) - Wall Street must raise its appeal to the next generation of investors and female professionals to remain competitive in the wealth management industry, the former head of Bank of America's wealth management unit said on Monday.