P rohibiting commercial banks from some high-risk trades should be an essential component of broader financial regulations and would cut back on institutions deemed “too big to fail,” former Federal Reserve Chairman Paul Volcker said Tuesday. Mr.

T oday’s top stories from Report on Business : Economists see stronger rebound Top private economists have told Finance Minister Jim Flaherty the economy is rebounding more strongly and the labour market faring better than previously believed. Mr. Flaherty met with several economists in Ottawa today in advance of his March budget.

T he Canadian government is concerned the new jobs bill that President Barack Obama has asked Congress for may be used by U.S. lawmakers to push through more protectionist measures similar to the hated Buy American legislation.

A sk a first-time home buyer their biggest worry and the answer is likely to be the mortgage. Taking on the largest debt of one’s life is a sobering experience.

Florida authorities have locked up Richard M. Incandela, on charges of selling insurance without a license and organized fraud exceeding $50,000, according to published reports. From December 2007 to September 2008, Mr.

The Charles Schwab Corp. today handed the reins of its RIA custody business to Bernard “Bernie” Clark, who had run sales and relationship management for the Advisor Services group. The promotion marks the first time since Charles Goldman was pushed aside as head of the business in November 2009 that a single executive will be focused solely on Schwab’s industry-leading custody platform

Lara, Shull & May, LLC, an independent wealth management firm, announced today the addition of five advisors who left firms to join LSM. The firm manages about $750 million in assets and is part of Focus Financial Partners.