New York Attorney General Andrew Cuomo’s probe into the industry's selling of auction rate securities has widened.
Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.
Financial Computer Support Inc. makes the dbCAMS portfolio management software used by thousands of advisers.
New York Attorney General Andrew Cuomo will investigate Merrill's connection with the freezing of the ARS market.
The redemptions were triggered by an 8% drop in U.S. stock indexes in June, followed by further deterioration in July.
The Reuters/University of Michigan survey fell to a reading of 61.7 in August, compared with 61.2 in June.
Missouri securities regulators spearheaded the investigation into the firm's role in the market's February collapse.
U.S. industrial production increased 0.2% in July following a 0.4% jump in June, according to the Fed.
The dollar continued its rise, gaining ground against the euro and rising to a nearly two-year high against the British pound.
MBIA Inc. and Ambac Financial Group Inc. rallied in early trading following a positive report from Standard and Poor’s.
