Doug Cubberley
Doug was Assistant Managing Editor at InvestmentNews from 2010 to 2012, before moving on to Investopedia.com as Senior Supervising Editor. Connect at: Linkedin
Doug was Assistant Managing Editor at InvestmentNews from 2010 to 2012, before moving on to Investopedia.com as Senior Supervising Editor. Connect at: Linkedin
Variable-annuity sales in the U.S. increased for the fifth straight quarter, led by gains at Prudential Financial Inc.
The tax-exemption provided to investors in U.S. state and local government bonds faces a fresh challenge in Congress, where two senators are pushing a bill that would roll back the subsidy.
The trustee liquidating Bernard L. Madoff's defunct investment firm asked a judge to pay him and his law firm $43.2 million for four months' work, bringing total fees sought in the case to $175.5 million since Madoff's arrest.
Davies latest in a series of of top execs who've left the financial firm since CEO change in 2008
Guy de Chimay, who pleaded guilty to running what prosecutors called a $7 million Ponzi scheme that he promoted by claiming his company was linked to Belgian royalty, was sentenced to three to nine years in prison.
As SEC chairman Mary Schapiro hits the halfway point of her five-year term as head of the SEC, she must deal with a sprawling legislative mandate to rewrite regulations affecting the financial industry while, at the same time, trying to erase the stain of the SEC's failure to uncover Bernard Madoff's Ponzi scheme. And oh yes, Congress has effectively frozen her budget.
The commodities rout that knocked off $99 billion of market value last week is driving out speculators and leading Goldman Sachs Group Inc., which forecast the plunge, to predict a possible recovery.
Barclays Plc, which bought Lehman Brothers Holdings Inc.'s North American business, will get $1.1 billion in trading assets from the trustee liquidating the remnants of Lehman's brokerage, the trustee's lawyer said.
Ameriprise Financial Inc., two of its Securities America units and a group of investors who sued them asked a U.S. judge to approve a proposed $80 million cash settlement.
