Before JPMorgan stepped in to buy Bear Stearns at a bargain basement price in March, the firm was already flailing.
Hedge fund managers prepared one set of recommendations; investors with money in the funds compiled the other.
State Street posted a 69% increase in profit for the first quarter, helped by $600 billion in new assets.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
The increase in the producer price index was the largest increase since the it rose 2.6% in November 2007.
Samuel Israel III, former CEO of the defunct Bayou hedge fund, was also ordered to pay $300 million in restitution.
As identity theft continues to wreak havoc on the American public, including those in the financial services industry, firms are rushing to patch up holes in their online defenses with the newest software and processes.
Screening companies for their ties to countries deemed sponsors of terror is a concept that seems to intrigue investors.
Both GunnAllen Financial Inc. and a former top executive are claiming victory after a lengthy arbitration battle that focused on whether the independent broker- dealer had the right to fire David McCoy, its former chief operating officer and national sales director, who was dismissed in 2005.
Tomorrow is the deadline for filing income taxes, but investors are already thinking about ways to pay less next year — driving more to consider tax-managed mutual funds.
