Millions of workers take a huge chance with their retirement savings every year: They cash out their 401(k) accounts when they lose their jobs or move to new employers.
The U.S. House Financial Services Committee has voted to regulate for the first time hedge funds and other large pools of capital.
President Barack Obama on Tuesday endorsed a bill in the U.S. House of Representatives that would give the government unprecedented power to seize bank holding companies teetering on the brink of collapse and stick their competitors with the cost.
Investors will be paying close attention to the direction of the equity markets in the coming days in light of the recent market volatility that has tested the strength of the eight-month rally, according to Uri Landesman, head of global growth at ING Investment Management Americas.
US consumer confidence takes surprising hit, slips further in October, research group says
The beta of Kapitall — an investing website intended for consumers or advisers — was launched yesterday.
Insiders say that the Senate Special Committee on Aging hearings Wednesday will focus on the potential for conflict of interest within proprietary target date funds.
Invesco Ltd. is likely to keep intact most of the Morgan Stanley/ Van Kampen operations, which it said last week that it would acquire for $1.5 billion — although some changes are expected in the $119 billion retail money management business it's buying.
