The Dow dropped the most in intraday trading since the market crash of 1987. Was it worries over Greece, or a simple trading mistake that triggered the chaos?
Quixotic journeys often make for great literature, but by definition are rarely productive. I am, after all, referring to windmills here – not their 21st century creation, but their 17th century chasing.
Just days after its acquisition by Guggenheim Partners LLC was finalized, Claymore Securities Inc. has rolled out a new China exchange-traded fund – a launch that will likely be just the first of many, now that the Claymore/Guggenheim marriage is official.
As details of the AIG Advisor Group Inc.'s retention package for a select number of 6,000 brokers and advisers seeped out this week, AIG officials and advisers made clear that the money for these bonus payments is not coming from its cash-strapped parent — insurance giant American International Group Inc. — but from each of the three broker-dealers in the network.
In a stunning turnaround, American International Group has decided to hang onto its beleaguered group of broker-dealers.
Finra's board of governors will review allegations that Securities and Exchange Commission Chairman Mary Schapiro — along with other senior Finra executives — received excessive compensation when she was chief executive of the self-regulatory organization for the brokerage industry.
The fate of a lawsuit brought by two brokerage firms against NASD over its 2007 merger with the New York Stock Exchange's regulatory unit could be decided this month.
Property owners at four struggling and bankrupt resorts in Idaho, Montana, Nevada and the Bahamas have filed a $24 billion federal lawsuit against Credit Suisse, saying the bank gave predatory loans to the resorts' investors as part of a scheme to take over the properties.
Credit Suisse Group has agreed to pay $536 million to settle a Justice Department probe and admit to violating U.S. economic sanctions by hiding the booming illegal business it was doing for Iranian banks.
