Are Current Consolidations About Shrinkage or Growth?

The recent sale by Ameriprise Financial of its Securities America advisory services has led to a new “buzz” on the street. The big question: Is this a new wave of consolidation within the finance industry similar to what we witnessed over the past two years? Two differing opinions were quoted by Dave Lindoff for OnWallSteet [...]

Do Top Brokers And Traders Receive Astronomical Pay?

Pay Czar Feinberg thinks so, and is moving forward to take a look at 104 top executives beneath the CEO’s and their payouts during the financial crisis – all within companies and financial firms who received TARP funds. The Management Executive Committees of the firms have claimed the necessity to provided large payouts and retention [...]