OppenheimerFunds Inc. of New York is facing a class-action involving its California Municipal Fund, which lost 41.3% last year.
Putnam Investments today announced that David Glancy has joined the firm as managing director and portfolio manager of a couple of new planned offerings.
Insurers doing business in N.Y. that receive breaks on accounting rules in their home states must adhere to N.Y.'s accounting rules when filing annual statements.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
When the SEC declared that equity index annuities are securities last year, it ignored the McCarran-Ferguson Act.
Former Federal Reserve Board Chairman Alan Greenspan said yesterday that temporary nationalization of U.S. banks may be necessary.
John W. Goff, owner of the Goff Group, may face at least 20 years in prison after his conviction yon charges of mail fraud, embezzlement and filing false documents.
President Obama’s mortgage plan aims to keep up to 9 million families from losing their homes to foreclosure.
A former Morgan Stanley employee has been charged with stealing $2.5 million from the firm, with the crimes allegedly occurring over more than seven years.
