Mary Jo Hudson, director of the Ohio Department of Insurance, yesterday adopted three accounting rule changes that would grant insurers based there some reserve relief.
The United States shed 598,000 jobs in January and the unemployment rate rose to 7.6% from 7.2%.
TD Ameritrade Holding Corp. is close to reaching a settlement with the Securities and Exchange Commission over the sale of auction rate securities
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
The Hartford (Conn.) Financial Services Group Inc. limped through the fourth quarter of 2008, racking up a net loss of $806 million.
Dividends of companies in the S&P 500 stock index this year are expected to see their sharpest annual decline since World War II, New York-based S&P said today.
Van Eck Global has launched a high-yield municipal bond exchange traded fund, the Market Vectors High-Yield Municipal Fund (HYD).
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
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.
