U.S. municipal bond yields rose to a four-week high as investors refrained from buying in hopes of better returns.
Warren Buffett, whose Berkshire Hathaway Inc. has been trimming its investment in municipal debt, predicted a “terrible problem” for the bonds in coming years
Morgan Stanley Chief Executive Officer James Gorman said the firm intends to buy the remaining stake in a brokerage joint venture with Citigroup Inc.'s Smith Barney on target dates established in the original deal.
Pacific Investment Management Co. LLC, the Allianz SE fund unit overseen by Mohamed El-Erian and Bill Gross, took in more money than any other asset management firm during the third quarter, with more than $56 billion in deposits.
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
Morgan Stanley, the sixth-largest U.S. bank by assets, divested a stake in Invesco Ltd. for $664 million five months after acquiring the shares in its sale of a retail asset-management business.
The core question is simple: What's the best way to structure the mechanism by which people trade stocks?
Republican promises to revisit the financial reform law aren't fazing Securities and Exchange Commission Chairman Mary Schapiro.
The former Lehman boss would make a swell replacement for Larry Summers; Cayne, Greenberg, O'Neal possibles, too
