Economists at major U.S. corporations believe that the economy will steer clear of a recession.
The board took action to improve transparency in the municipal bond market during its three-day meeting.
Citigroup lost $2.5 billion in the second quarter while Merrill Lynch was down $4.65 billion.
the S&P 500 is down 2.95% this decade — well below the 2.04% real advance during the 1930s.
The ex-Stamford, Conn.-based hedge fund managed by Samuel Israel defrauded investors out of $300 million.
In a recent survey, 321 advisers were asked to identify their three biggest areas of difficulty out of 10 system areas.
Wilmington Trust reported a second-quarter loss of $19.5 million on impairment charges and a securities loss.
The $12.5 billion allocated to hedge funds during the quarter marked the lowest level of new capital since 2005.
The funds employ long-term capital growth strategies by investing primarily in equity securities of U.S. issuers.
Clients would have to have a net worth of at least $1.5 million for investment advisers to charge them performance fees.
