A.E. Feldman Blog

While fears of layoffs plague Wall Street, job seekers with experience in managing money for wealthy clients are poised to gain new opportunities. Executive search firm, A.E. Feldman, reports that banks are still recruiting in the high margin, wealth-management business, which has expanded to include service offerings such as trust advice, estate planning, and tax [...]

The Dow plunged more than 500 points on Monday as news of a bankruptcy at Lehman Brothers, the emergency sale of Merrill Lynch and rumors of more trouble at American International Group, one of the world’s biggest insurers, sent investors running for cover. Fed officials, the Treasury Department and executives from several Wall Street banks, [...]

Marshall, Gerstein & Borun LLP, an intellectual property law firm, just announced the launch of its Cleantech and Renewables Industry Group. According to the firm, the group integrates nearly 20 attorneys and professionals from multiple practices to meet the legal and business demands of clients involved with technologies aimed at environmental stewardship. “As demand for [...]

The SEC is calling for companies that file using U.S. GAAP and have a worldwide public float over $5 billion to provide XBRL-formatted financial statements beginning with fiscal periods ending December 15, 2008, according to AccountingWeb.com. The report adds that the remaining companies using U.S. GAAP will be phased into the XBRL program over the [...]

Pension funds are eyeing U.S. infrastructure assets as an investment opportunity. Most recently, the California Public Employees Retirement System has adopted an investment policy to guide its infrastructure investments, which may include transportation, ports, energy, water and communications projects, according to Money Management Letter. The new policy will see CalPERS commit up to 3% of [...]

Banks have been paying the price for lax risk controls. Losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types, according to Bloomberg. The report states that writedowns and credit losses at more than 100 of the world’s biggest banks and securities [...]

Republican Presidential candidate, John McCain is betting that Alaska Gov. Sarah Palin can help bring the right kind of reform to Washington, restoring accountability and effectiveness to government, and working to secure energy independence, according to a WSJ opinion piece by a senior policy adviser and national spokesperson for the McCain campaign. The fact is [...]

The Pennsylvania Turnpike Commission this month issued an announcement inviting companies interested in learning more about potential partnerships to convene for a meeting. The commission is currently considering public-private partnerships (PPPs or P3s) to finance, design, construct, operate and maintain projects along the Mon-Fayette Expressway and Southern Beltway toll highways near Pittsburgh. The Commission says [...]

Mortgage fraud in the U.S. has skyrocketed, according to a new report from the Mortgage Asset Research Institute (MARI). The study (which MARI compiled data from the biggest names in the lending industry, including Fannie Mae, Freddie Mac, Wells Fargo, Bank of America and J.P.MorganChase) found that the number of fraudulent loans issued during the [...]

A.E. Feldman’s blog tops 300 posts and captures the attention of tens of thousands of readers around the world. The site offers a unique blend of news and insight into job trends related to finance, accounting, law, project & infrastructure finance, data center efficiency as well as energy and clean technologies. For its 300th post, [...]