Wall Street banks are seeking exemptions to proposed new financial derivatives rules that could shield more than half the trades that should be subject to disclosure, a federal regulator said Thursday.
Retail investors will no longer be able to buy mutual funds from AQR Capital Management without going through a financial adviser, starting Oct. 30.
Pacific Investment Management Co.'s Mohamed El-Erian and Loomis Sayles & Co.'s Dan Fuss said the European debt crisis may spread across the globe because of investor concern that governments have borrowed too much to revive their economies.
Greece needs to reduce the nation's debt through a restructuring and impose deep spending cuts to exit its fiscal crisis, according to Pacific Investment Management Co.'s Bill Gross.
At least three people have died in protests today, which have seen some 100,000 people take to the streets of Greece
The swift acquittal of two Bear Stearns executives in the government's criminal case tied to the financial meltdown likely will force prosecutors to rethink the evidence they planned to present in a raft of cases that have yet to go to trial, legal experts say.
Discussing long-term health care insurance is difficult but necessary
Annuity advoacy organization also wants the government to make it easier for plan sponsors to offer the investments to employees
Bridget A. Macaskill, president and COO of First Eagle Investment Management, was also named CEO.
Commission-free ETFs are good, but they may not be best.
London calling: Fund advocacy group sets up international body in the U.K.
At Goldman Sachs' annual stockholders meeting May 7, a group of nuns will raise some uncomfortable issues.
The value of Warren Buffett's options to buy Goldman Sachs Group Inc. shares dropped by $950 million after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
Fixed-annuity sales are about to receive a new layer of supervision from state regulators.
Previously, the suitability rule imposed an obligation on insurers only with respect to variable annuities. Now it includes variable annuities as well.
TIAA-CREF aims to add to its $2 billion holdings of farmland to help diversify its portfolio and hedge against inflation, said the pension-fund manager's director for private-equity investments in agriculture.
New York has earned the dubious honor of being the nation's leader in mortgage fraud last year, according to a report from the LexisNexis Mortgage Asset Research Institute.
While executives of The Goldman Sachs Group Inc. were getting grilled on Capitol Hill about deals involving mortgage-related securities, another division of the company quietly made headlines of a different sort.
While investors and advisers have crowed about the density of variable annuity prospectuses, officials at the Securities and Exchange Commission say that the products are generally too complex to describe in abbreviated set of disclosures.
The Treasury market is trading in a narrow range Thursday as investors balance European debt concerns with signs of an improving U.S. economy.
