Commercial banks lost $9.2 billion trading derivatives during the fourth quarter as the credit crisis intensified, according to a report released today by the Office of the Comptroller of the Currency.
DWS Investments plans to liquidate three of its 77 mutual funds on June 5, according to a filing this week with the Securities and Exchange Commission.
Although the Securities and Exchange Commission is eyeing regulatory changes for money market mutual funds, industry observers are not expecting stricter standards than those adopted by the Investment Company Institute last week.
The cost of health care in retirement has risen 50% since 2002, according to research released today by Fidelity Investments.
Rates on 30-year mortgages plunged this week to the lowest level on record after the Federal Reserve launched a new effort to assist the staggering U.S. housing market.
Fidelity Investments said that it will reopen the Fidelity Diversified International Fund (FDIVX) and the Fidelity Small Cap Stock Fund (FSLCX) to new investors March 30 and launch the Fidelity Global Commodity Stock Fund on March 31.
A sign of the times: Portfolio managers are more bullish about bonds than equities for the first time in years, according to a Russell Investments survey.
New U.S. home sales rebounded unexpectedly last month, but were still the second-worst on record and remained well below last year's levels, according to data released Wednesday.
Health care costs of Alzheimer's disease are at least $33,007 annually per patient, compared with $10,603 for an older person without Alzheimer's, according to a report issued Tuesday by the Alzheimer's Association.
A government report says U.S. home prices fell 6.3 percent in January from the same month last year.
Hennessy Advisors Inc. today launched two large-cap funds after acquiring the assets of two funds with combined assets of $158 million from Voyageur Asset Management Inc.
Reacting to asset declines from the market downturn, The Vanguard Group Inc. is increasing expense ratios.
Sales of previously occupied homes jumped in February by the largest amount in nearly six years as first-time buyers took advantage of deep discounts on foreclosures and other distressed properties.
As Florida weighs proposed legislation that could make it easier to toss annuity salespeople into prison, agents and the insurance industry are rallying to fight the bill.
The possibility that Barclays' iShares exchange traded fund business could be sold to another big ETF provider, reducing competition by creating an industry behemoth, is worrying advisers.
Janus Capital Group Inc. paid its chief executive $7 million in 2008, including a bonus, which represents a 27.8% pay cut from the previous year, according to a proxy statement filed with the Securities and Exchange Commission yesterday.
The Securities and Exchange Commission is investigating whether hedge funds gave favored employees or investors “preferential redemptions” by allowing them to withdraw money while freezing redemptions for other clients.
U.S. hedge funds are buying stocks for the first time since October, Bloomberg reported today.
Although older baby boomers account for the majority of individual long term care insurance sales, it is largely younger boomers and those under 45 who buy group LTC insurance.
The Vanguard Group Inc. is offering what it says is the first of its kind: a fund that offers exposure to small-cap stocks in both emerging and developed markets outside the United States.
