President Obama revealed major compensation reforms today that will limit significantly the pay of executives at companies receiving federal bailout money.
Wachovia Securities reached a settlement with the SEC in which it agreed to pay investors more than $7 billion to buy back failed auction rate securities.
New claims for jobless benefits rose to a 26-year high last week, signaling that the U.S. economy remains stuck in a deep recession.
After forecasting dismal 2008 results, Swiss Reinsurance Group has announced that it will receive a capital infusion from billionaire Warren E. Buffett.
The Department of the Treasury under Bush administration Secretary Henry Paulson paid 44% more for bank securities than they were worth.
A survey of 506 registered investment advisers finds half their new assets are coming from wirehouses and other broker-dealers.
Regulators and members of the futures industry met before the House Agriculture Committee to debate the regulation of credit default swaps and other derivatives.
It might pay for broker-dealer firms and registered representatives to litigate disciplinary proceedings brought against them by the SEC and Finra.
Will Fuller has joined Lincoln Financial Distributors of Philadelphia as president and chief executive, effective Feb. 13.
Iowa’s insurance commissioner yesterday posted a bulletin that would allow life insurers in that state to apply deferred tax assets toward 15% of their statutory capital and surplus levels.
