Commssion backs a plan to limit fees on option trades. But the regulator also wants the largest stock traders to provide ID codes, records for transactions
A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc.
Advisers have the opportunity, until Nov. 20, to make their voices heard on the Financial Industry Regulatory Authority Inc.'s broad proposal to change how it regulates financial advisory firms' communications with the public — a proposal that could address advisers' use of social media.
No word on why longtime municipal bond manager Robert MacIntosh is leaving the company
Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, up 11.7% from the year-ago period, according to the Michael White-Prudential Bank Insurance Fee Income Report.
The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
The U.S. unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
European stock markets continued to trade lower Monday following steep losses in the U.S. at the end of last week. Wall Street, however, regained some ground at the open even as concerns lingered about President Barack Obama's plan to curb banks' risk-taking.
Bank of New York Mellon says its fourth-quarter profit surged as asset and wealth management revenue offset lower interest income.
