Arguing that Bernard L. Madoff is a “danger to the community,” prosecutors recommended that he be held in jail pending his trial.
The leaders of three financial planning organizations have formed a coalition to represent the industry as Congress works to reform the financial services industry.
President-elect Barack Obama asked Congress to pass his proposed $1 trillion American Recovery and Reinvestment Plan quickly.
Here are three important portfolio survival lessons retired investors and their advisers can learn from Wall Street’s failures.
Britain’s FSA has fined international reinsurance giant Aon 5.25 million pounds ($7.9 million) for failing to maintain effective anti-bribery systems.
The Bank of England cut its benchmark interest rate by 0.5% to an all-time low of 1.5%, citing an “unusually sharp and synchronized downturn” in the world economy.
Hedge funds suffered another body blow in December when, according to one index, the S&P 500 stock index outperformed the alternative class strategies.
First-time jobless claims for unemployment benefits have fallen for the second consecutive week, according to a Department of Labor report.
Union Bancaire Privée is threatening to pull billions of dollars of assets from some of the largest U.S. hedge funds, according to a spokesman for the Geneva bank.
American Century Investments expects to open an office in Hong Kong in the next few months.
