Billionaire hedge-fund manager John Paulson, whose $32 billion firm has been betting on an economic recovery by 2012, has pared bullish bets across his funds, according to a person briefed on the investments.
The Obama administration has found a banker it can do business with: Bank of America Corp.'s Brian Moynihan.
Merrill Lynch won dismissal of an investors' class-action lawsuit over auction-rate securities, at least the seventh such victory since the market collapsed in February 2008.
Police searched the offices of the financial adviser to France's richest woman Friday as part of a growing scandal that includes allegations she gave cash illegally to President Nicolas Sarkozy's presidential campaign.
U.S. Senator and Securities and Exchange Commission chairman defend plan for SEC self-budgeting
Morgan Stanley Real Estate Fund VI International said to be down 61% -- not suprising, given the fund was raised at the peak of the property boom
District court rules that the mutual fund's heavy bets on mortgage-backed securities required shareholder approval
Former Merrill Lynch & Co. broker Steven Mandala, who was charged with stealing $780,000 from the firm, partly to buy a Ferrari, pleaded guilty to grand larceny and identity theft, his lawyer said.
Former Northrop Grumman exec Charles H. Noski succeeds Joe Price, head of BofA's consumer and small business banking division.
This new reality TV show is a hit. Just don't expect to see any financial services CEOs starring in future episodes.
