The Charlotte, N.C.-based bank booked second-quarter net income of $3.41 billion compared to $5.76 billion in the year-ago period.
Stung by media and union criticism that their proxy votes are in the pockets of corporate management, the mutual fund industry is fighting back.
Although the stock prices of mortgage giants Fannie Mae and Freddie Mac were bruised, a handful of mutual funds continue to hold the securities, either because they underestimate the risk or because they are smarter than the average bear.
Wachovia Securities LLC of St. Louis continues to file lawsuits against groups of legacy A.G. Edwards brokers who have left the firm.
This event positions your practice as a retirement resource for baby boomers and helps encourage referrals.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
Economists at major U.S. corporations believe that the economy will steer clear of a recession.
Citigroup lost $2.5 billion in the second quarter while Merrill Lynch was down $4.65 billion.
The ex-Stamford, Conn.-based hedge fund managed by Samuel Israel defrauded investors out of $300 million.
