The Securities and Exchange Commission is considering whether trading in over the counter derivatives should be reported like other securities transactions, SEC Chairman Mary Schapiro told a congressional subcommittee today.
Aviva PLC yesterday sold its Australian life insurance and wealth management businesses to National Australia Bank of Melbourne.
Investors have responded enthusiastically in recent months to government stimulus plans and signs of renewed economic activity, triggering a resounding risk rally.
The real and potential risks of federalizing municipal-bond insurance far outweigh any potential benefits.
The federal government is the only potential guarantor whose backing would significantly lower local borrowing costs.
Some financial advisers are rethinking the idea of: Buy term insurance and invest the difference.
“I don't give a damn 'bout my bad reputation!” rock 'n' roll icon Joan Jett sang in 1981.
A new iShares that is more heavily involved in actively managed exchange traded funds will likely emerge as the company changes hands, though some say it might be late to the party.
For as long as mutual funds have been able to sell stocks short, there have been attempts to bring more-sophisticated hedge fund strategies to the mutual fund world. But it is rare for a hedge fund to undergo a complete transformation into a mutual fund.
Dismal economic conditions are forcing Fidelity Investments to shut down a private-equity unit.
Unless reasonable standards are established for target date funds, the Department of Labor should bar them from being used as default investments in 401(k) plans, the Certified Financial Planner Board of Standards Inc. said.
When the economic recovery finally arrives, many small business owners won't try to rebuild their shrunken stock portfolios.
Hedge funds produced some solid numbers in May, according to the latest report from Morningstar Inc. in Chicago.
If averages are any guide, then there is good news for mutual fund investors because actively managed U.S. stock funds have outperformed the S&P 500 so far this year.
The 50-50 joint venture will be called the New York Portfolio Clearing. It is expected to be operational in the second quarter of 2010, once it gets necessary regulatory approvals.
When it comes to target date funds, ignorance is not bliss.
Lincoln National, which markets itself as Lincoln Financial Group, will raise about $600 million from the stock offer.
Standard and Poor’s Ratings Services today hit Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and TIAA-CREF with negative ratings actions.
