A North Texas jury has sentenced a former Maryland lawyer to 99 years in prison for organizing a fraudulent multistate investment scheme.
Marc A. Spilker will retire as co-head of the investment management division at Goldman Sachs at the end of February, confirmed Andrea Raphael, a spokeswoman for the firm.
Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume rose 8 percent in January compared with the same month a year ago.
Warren Buffett earns millions of dollars of dividend income every quarter even though Berkshire Hathaway Inc., his insurance and investment company, has never made a payout.
Only six managed the feat, in fact — those that did said the gains mostly came from expanded client rosters and smart investment choices
JPMorgan Chase & Co.'s banking subsidiary spent $1.9 million during the fourth quarter to lobby the federal government on issues related to regulations that would affect the banking industry.
Days after the Federal Reserve seemed to sound the alarm that the era of near-zero interest rates is ending, Chairman Ben Bernanke tempered those expectations a bit this week.
Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit.
Mutual funds saw inflows of $44.5 billion in January, according to report released today by Morningstar Inc.
The Securities and Exchange Commission is appealing a ruling that prevents it from sanctioning former officials of self-regulatory organizations.
