Many analysts and money managers wondered what impact nationalization would have on other bank stocks.
The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.
Thomas M. Marra, chief operating officer of The Hartford (Conn.) Financial Services Group Inc., will retire from his post July 3.
General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008.
The government says orders for big-ticket goods plunged by a bigger-than-expected 5.2 percent in January.
All carried-interest distributions from private-equity funds and hedge funds would be taxed as ordinary income instead of capital gains under Obama's proposed budget.
The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
