Oswald Grubel, the new chief executive of beleaguered UBS AG will likely will take a “fresh, hard look” at the Swiss banking giant’s retail-brokerage business.
The Public Company Accounting Oversight Board may soon have the authority to inspect auditors for all broker-dealer firms, even private ones.
Standard and Poor’s yesterday announced ratings downgrades for 10 major life insurers, including Genworth Financial Inc., Lincoln National Corp. and MetLife Inc.
Sales of new single-family homes dropped more than 48% to a record low in Jan.
While it’s not wise to change your entire mutual fund investment strategy based on recent performance, it may be time to consider some alternatives like ETFs.
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.
Fidelity Investments plans to increase its presence in the municipal-bond market, firm executives said in an interview.
The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.
