Who needs an adviser? Online investment sites gaining traction
If you're unhappy with your mutual fund, you can easily find another. After all, there are nearly 8,000 to choose from.
Clients of adviser who faked death will get back seven cents on the dollar
Schrenker owes victims nearly $4M — but has only $556K in assets; owes creditors $9M
Ponzi or pawn? Accused scammer Petters says he’s innocent
A Minnesota businessman accused of orchestrating a massive Ponzi scheme testified Tuesday that he did not knowingly participate…
Madoff lite? Petters trial commences this week
Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
Schwab to boost ETF offerings with purchase of high-flying Windward
Retail brokerage said Monday it is buying Windward Investment Management Inc. for $150 million in stock and cash, expanding Schwab's presence in the fast-growing exchange-traded funds business.
Four more banks bite the dust
Regulators on Friday shut down Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of U.S. bank failures this year to 72.
Michael Vick coughs up $416K to settle claim he raided retirement plan
Philadelphia Eagles quarterback Michael Vick has agreed to repay at least $416,000 that he is accused of illegally withdrawing from a pension plan.
Federated to buy SunTrust’s $17B money market unit
SunTrust Banks says it's reached a deal with Federated Investors for a partial sale of its RidgeWorth Investments subsidiary.
Ponzi schemer gets max sentence for $77M fraud
Tearful, angry victims of a $77 million Ponzi scheme that targeted hundreds of often working-class Italian-Americans crowded into a Chicago courtroom Thursday to tell their stories before a judge handed the convicted swindler a maximum 23-year prison term.
Swiss official to banks: Dump American clients
Threat of IRS crackdown too big a risk, says official at Swiss financial regulatory agency