Treasury Secretary Henry Paulson will propose an anti-money laundering framework for small banks tomorrow, The Wall Street Journal said.
Brookstreet Securities told its 500 or so affiliated reps and advisers that "disaster" had struck.
The SEC voted to allow mutual funds to submit data on their risks and returns in an interactive electronic format.
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.
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.
The London Stock Exchange has launched a new electronic trading system which promises to execute trades in 10 milliseconds.
Noted academic Frank J. Fabozzi will serve as senior adviser to ETF and index research firm IndexIQ Inc.
Morgan Stanley scored record levels of income and net revenues during the second quarter.
