Fidelity Investment lost its top-dog status as the number one distributor and mutual fund provider to rivals Charles Schwab and Vanguard, according to a new report.

A House committee has scheduled a hearing to examine the Federal Reserve Bank of New York’s possible role in prohibiting public disclosure of some of the details of the taxpayer bailout of American International Group.

Virginia’s State Corporation Commission has issued a consent order finalizing its participation in a global settlement involving RBC Capital Markets Corp.

Wachovia Securities has finalized a deal with regulators in the District of Columbia on the repurchase of auction-rate securities to settle allegations the firm’s dealers misled investors about the safety of the market.

With the economy improving and a merger with Wachovia complete, the chairman of Wells Fargo & Co. has announced he will retire in early 2010.

The managing director of the former Wachovia Insurance Services office in Richmond, Va., has been selected to take over in the same role for the company’s successor, Wells Fargo Insurance …  Read →

Navigon Financial Group has named four people to its Glen Allen, Va., office.

Nick Cook joined the Glen Allen office as a financial adviser. He has been in the financial industry …  Read →

Wachovia Insurance Services is being renamed Wells Fargo Insurance Services USA, the result of Wells Fargo’s recent acquisition of Wachovia.

The combined business makes Wells Fargo the world’s fourth largest insurance …  Read →

An ex-employee of Philadelphia-based Colonial Penn Life Insurance faces numerous criminal charges for using company computers to steal the information of at least 120 customers.

A federal grand jury charged Lisa …  Read →

Wells Fargo & Co. said its subsidiary, Wachovia Bank, has agreed to acquire the proprietary defined contribution plan recordkeeping business of Texas-based Comerica Bank, a subsidiary of Comerica Inc. The …  Read →