Don Saxon leaves amid allegations that his agency let thousands of convicted criminals work in the mortgage business.
The index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.7%.
Attorney General Andrew Cuomo this afternoon announced settlements with Merrill Lynch, Goldman Sachs and Deutsche Bank on the sale auction rate securities.
Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.
Paul Eustace will pay more than $279 million in restitution to settle charges that he defrauded commodity pool participants.
The SEC chairman said investigations will go beyond the banks and include the brokerages that sold the investments.
Goldman Sachs, Morgan Stanley and Lehman Bros. had their earnings estimates slashed by Sanford C. Bernstein & Co.
The funds gained some momentum during the quarter ended June 30, but are still struggling, according to HFR.
