The online brokerage was hoping to keep the YieldPlus lawsuit from going to trial. After a Federal judge's ruling on Thursday, it may be time for Plan B.
Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
Greece needs to reduce the nation's debt through a restructuring and impose deep spending cuts to exit its fiscal crisis, according to Pacific Investment Management Co.'s Bill Gross.
Pacific Investment Management Co.'s Mohamed El-Erian and Loomis Sayles & Co.'s Dan Fuss said the European debt crisis may spread across the globe because of investor concern that governments have borrowed too much to revive their economies.
Newly released internal emails seem to show that the Wall Street titan looked to sell bonds the firm found too risky to hold
Goldman Sachs boss Lloyd Blankfein is testifying in Congress today. Yesterday, a Senate panel released Goldman e-mails that may not enhance the firm's reputation with some clients
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Firms need not offer exchange-traded funds commission-free — or at a discount — to accumulate ETF assets.
The value of Warren Buffett's options to buy Goldman Sachs Group Inc. shares dropped by $950 million after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
While investors and advisers have crowed about the density of variable annuity prospectuses, officials at the Securities and Exchange Commission say that the products are generally too complex to describe in abbreviated set of disclosures.
