Treasury Secretary Henry Paulson will propose an anti-money laundering framework for small banks tomorrow, The Wall Street Journal said.
Congressional leaders are weighing a proposal that could raise taxes for private-equity firm managers.
H & R Block’s continuing struggles in its mortgage lending unit put a drag on fourth-quarter earnings.
NASD has fined Wachovia $2 million for failing to adequately supervise its fee-based brokerage business.
The SEC voted to allow mutual funds to submit data on their risks and returns in an interactive electronic format.
HFR has introduced the HFRX Diversity Index, designed to reflect the performance of the minority- and women-owned hedge funds.
Two Bear Stearns hedge funds that invested heavily in securities backed by subprime mortgage loans are close to being shut down.
Lehman Brothers plans to raise $500 million for a fund that invests in private equity companies, according to published reports.
Investors who won big during China’s stock market rise are looking to cash in on its possible decline, the Wall Street Journal said.
Morgan Stanley scored record levels of income and net revenues during the second quarter.
