Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the U.S. should consider “full nationalization” of the mortgage- finance system.
A London-based provider of exchange-traded funds is planning to launch 18 commodities-based ETFs and a precious-metals basket ETF.
U.S. stocks retreated, with the Standard & Poor's 500 Index poised for the lowest close in a month, as jobless claims increased to the highest level since November and an index of Philadelphia-area manufacturing fell.
The industry-sponsored group that oversees stock brokers fined Merrill Lynch $500,000 Wednesday for failing to provide sales charge discounts to eligible customers on certain investments.
Bill Gross is realizing outsized gains by benefitting from the near record difference in yields between short- and longer-maturity bonds while preaching that investors should prepare for lower-than-average returns.
My colleagues in the business press lavish an extraordinary amount of space on the world's richest people,which is altogether fitting and proper, considering how much they can teach us about the important matters of life.
Susan Theder jumps from Pershing to hybrid firm owned by Lightyear Capital; will oversee marketing efforts
New rules will make it tougher for smaller financial-services companies to compete.
SWS Group, Inc., a Dallas-based broker-dealer and correspondent clearing firm, said its fiscal fourth-quarter net income fell 57% on impairment to the value of two large stock holdings, foreclosed property expenses at a banking unit and lower clearing and investment banking revenue.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said Wall Street is like a church that benefits society, then falters by operating a gambling venture on the side.
Berkshire Hathaway boss all pumped up about U.S. economy; 'night and day' from a year ago
Billionaire investor says now is the time to get into the market; commodity producers particularly attractive
The next five years will be tough, as homeowners and governments unwind debt built up during the housing boom, Berkshire Hathaway Inc.'s David Sokol said today.
Morgan Stanley, owner of the world's largest brokerage, will pay $800,000 to settle regulatory claims that it didn't disclose research analysts' conflicts of interest to investors.
UBS AG, the largest Swiss bank, will seek to reverse a ruling requiring it to pay a U.S. company for business lost when its funds were tied up during the collapse of the auction-rate securities market two years ago.
Citi Private Bank, the private-banking unit of Citigroup Inc., continues its aggressive recruiting from U.S. Trust and has now lured a total of 10 bankers from the Bank of America unit since the end of April.
U.S. Trust Corp., the private banking unit of Bank of America Corp., has hired five senior-level wealth management experts as part of the firm's bid to hire more than 200 advisers and bankers this year.
By some measures, deflation in the United States is no longer a question of if, but for how long and how deep.
An advertising agency that has bolstered the images of Fidelity Investments and Progressive Casualty Insurance Corp. is brainstorming about how to help financial planning achieve the same visibility.
<i>The following is an excerpt from the weekly investment outlook of Jeffry Saut, the managing director and chief investment strategist at Raymond James, for the week of August 2:</i>
