A severe snowstorm has forced the federal government to do something it seldom does — postpone release of several monthly economic reports.
Securities America Inc. was tagged last month with a lawsuit from Massachusetts regulators alleging that the firm misled investors who were sold high-risk private placements.
Two mutual fund acquisitions were announced today, one involving a fund group with $6 billion in assets that has changed hands several times over the last few years.
Jeffrey Gundlach said his “inappropriate termination” by TCW Asset Management will simply give him and his mortgage-backed securities team an opportunity to create an even stronger investment organization to serve investors
A Securities America adviser named last week in a class action said he had no way of knowing that securities he sold would later blow up.
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
To manage the latest bout of market volatility, consider an option collar strategy. Option-phobic advisers take heart: There is no need to embark on a wild ride or trade all day long.
As of right now, good economic news -- particularly on the job front -- outweighs the bad.
In strikingly unenthusiastic fashion, federal Judge Jed Rakoff signed off on the Securities and Exchange Commission's plan to fine Bank of America $150 million after failing to tell shareholders of about $16 billion in impending losses at Merrill Lynch.
Bank of America Corp., the nation's largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.
Bond ETFs are gaining a substantial following among portfolio managers and investors.
A bill introduced yesterday in the California Legislature would require money manager placement agents to register as lobbyists and regulate their compensation.
From the start, the man accused of killing motivational speaker Jeffrey Locker told a startling tale: He said Locker asked for help stabbing himself to death so his family could collect life insurance money.
After all of the controversy and consolidation in the wirehouse sector, Morgan Stanley Smith Barney LLC remains the top-rated firm among high-net-worth investors, according to Cogent Research LLC's 2010 Investor Brandscape report, released today.
American International Group Inc. is in talks with MetLife Inc. to sell one of it's largest insurance units for between $14 billion and $15 billion, according to news reports Tuesday citing people familiar with the matter.
Bank of America Corp.'s new CEO Brian Moynihan said Monday his company is continuing to recover from the financial crisis but will remain cautious even as it expects to grow in 2010.
After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
