Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Cash invested in U.S. stock funds spiked last week, according to a report released yesterday by TrimTabs Investment Research.
While investors and pundits have regarded recent economic news with a hopeful eye, a survey of senior financial executives found most do not think the economy will improve over the next six months.
The majority of financial services firms did not include information about the financial crisis on their websites’ home pages from when the crisis began in October through February, according to a study released today by Weber Shandwick.
A report that ranks funds by their carbon footprints may make it easier for advisers to determine which funds are greener than others — but whether it will help green investing become more mainstream remains to be seen.
In the latest action against a wave of mortgage scams, a Massachusetts judge has granted a temporary restraining order against a Florida firm, preventing it from doing business in the state of Massachusetts.
The Royal Bank of Scotland Group PLC yesterday announced plans to cut up to 9,000 jobs, including 4,500 in the United Kingdom and about 1,250 in the United States at its Citizens Financial Group subsidiary, both over a two-year period.
While an index of consumer confidence rose in March, those surveyed still plan to be conservative about spending, according to a report released today.
In a customer service satisfaction survey of 17 brokerage firms, discount-brokerage firms scored better in terms of navigating clients through the market downturn last year, compared with larger, full-service brokers, according to Consumer Reports.
“[The reason is] that mutual fund management fees have set break points that trigger cuts or hikes as assets in the funds rise or fall,” Russel Kinnel, director of mutual fund research at Morningstar, wrote in a report.
Some mutual fund firms have supported excessive chief executive pay packages with their proxy voting, according to a study released today by advocacy groups that tracked the proxy-voting records of 26 firms.
