Bank of America Corp., the largest U.S. lender, reported a $7.3 billion loss tied to new rules on consumer accounts and credit cards and said it's fighting demands for the lender to buy back allegedly faulty loans.
The cost of protecting U.S. corporate bonds from default has fallen below yield premiums by the most since January as concern ebbs that the world's largest economy will lapse back into recession, giving Pacific Investment Management Co. more reason to snap up bank debt.
RBC Wealth Management unit will pay $690,000 to resolve a brokerage regulator's claims that a U.S. unit sold unsuitable financial products to elderly clients and others with modest net worth.
Investors looking for more exposure to global markets can increasingly look to U.S. stocks, according to Eric Ende, manager of the FPA Perennial Fund Ticker:(FPPFX).
A government report revealed that exchange-traded funds got hit worse than any group of securities in the market plunge of May 6. How bad was it? Close to 160 ETFs temporarily lost all their value. Now, regulators are looking at ways to safeguard these 'new derivatives.'
What Lloyd Blankfein failed to tell Sen. Levin: Investors place bets on risky securities all the time. Why do they do this? Read the headline again.
Host of marquee names back call for applying fiduciary standard to all advisers
Ask J. Christopher Donahue what his biggest business fear is these days, and the Federated Investors Inc. president and chief executive talks about regulatory uncertainty and 'stray bullets.'
BlackRock Inc., the world's biggest manager of exchange-traded funds, named Russ Koesterich to the new position of global chief investment strategist for its iShares unit.
Looming hike marginal tax rates makes 2010 a good time to take bigger distributions, say advisers
