Stock and bond funds had net inflows of $34.6 billion last month, up from $24.7 billion in April, according to FRC.
Barclays PLC plans to raise $8.9 billion through the issuance of new shares as part of an effort to shore up its balance sheet.
The Federal Reserve Board held the economy’s key interest rate at 2% today in a bid to keep inflation in check.
A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
Women want to learn about preparing for retirement, but advisers who want to attract that market need to adapt their practices.
Legislation that would save about 25 million taxpayers from paying the AMT this year was approved today by a vote of 233-189 in the House.
Home prices continued their freefall in April, with some areas reporting declines of nearly 27% year-over-year.
The employee benefits provider was fined for for failing to report special payments to an insurance broker.
U.S. economic growth will be subdued this year, but the economy will begin to pick up in 2009, according to the SIFMA Economic Advisory Roundtable.
"Consumer confidence may be nearing a bottom,” said the director of The Conference Board.
