Deutsche Bank’s second-quarter net income fell 36% to $1 billion from $2.8 billion a year earlier.
The state charged Merrill Lynch with fraud related to auction rate securities and settled a similar claim with UBS.
The economy grew at an annual rate of 1.9% in the second quarter, a slower growth rate than had been expected.
The SEC has voted unanimously to help investors find free financial information about muni bonds on the Internet.
Clients would be urged to obtain a personalized hypothetical illustration, revealing all applicable charges and fees.
A host of financial services companies reported their earnings today, with only one firm boasting black ink on its ledger.
The socially concious mutual fund was fined $500,000 for violating investment restrictions.
Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
The member firms on the new committees have agreed to take a series of actions to enhance the U.S. covered-bond market.
The price of single-family homes in the country’s top 20 metropolitan markets posted the biggest year-over-year decline .
