The News Review:
- Former Schwab Exec To Run Citi’s Wealth Management Business
- Treasury picks asset management firms for bailout
- NM management areas battle noxious costly weeds
- FEMA nominee promises to improve response
Former Schwab Exec To Run Citi’s Wealth Management Business
Wall Street Journal
–>Former Schwab Exec To Run Citi’s Wealth Management Business ArticleCommentsmore in. (C) took a step towards growing the wealth management business it keeps after the brokerage joint venture with Morgan Stanley (MS). The bank tapped Deborah Doyle McWhinney a former Charles Schwab Corp. (SCHW) executive to run the network of about 600 brokers that work out of Citibank branches. Those brokers will remain at Citi after the bank completed its joint venture between its Smith Barney brokerage and the retail brokerage business.
Treasury picks asset management firms for bailout
The Associated Press
The assets include stock warrants that Treasury has received as part of its program to buy nearly $200 billion in preferred shares in banks to help bolster their capital reserves and resume more normal lending to consumers and businesses. The firms selected — which came from a pool of applicants that had over $2 billion in assets under management — were: New York City-based AllianceBernstein LP; FSI Group LLC based in Cincinnati hio; and Piedmont Investment Advisors LLC of Durham N. The banking industry is lobbying the Treasury Department to make it less costly for banks to get out of the Capital Purchase Program.
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NM management areas battle noxious costly weeds
The Associated Press
The weeds are very dominant and aggressive. They take over other plants. “Soil and water conservation districts have teamed up with federal state and local land management agencies to create noxious weed management areas throughout New Mexico. Currently 14 cooperative weed management areas have been created in 17 counties. Management areas are sprouting as quickly as the weeds they’re working to battle. Three years ago the state had only four noxious weed management areas. By the end of this summer the number will increase to around 17 said Jim Wanstall Los Lunas-based state noxious weed coordinator for the New Mexico Department of Agriculture.
FEMA nominee promises to improve response
The Associated Press
FEMA was widely criticized for its botched response to Katrina when the federal government showed up late and unprepared. Since then the question has been: Is the FEMA response better than it was in 2005? The answer has been yes though no disaster has been nearly as catastrophic as Katrina. Fugate previously served as head of emergency management in Florida where he worked for two Republican governors. THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below. WASHINGTN (AP) — The president’s nominees to lead the nation’s disaster response and immigration enforcement agencies are headed to Capitol Hill for confirmation hearings in the Senate.