The housing crisis showed no signs of rebounding in September as construction of homes dropped to its slowest pace since early 1991, and building permits for new homes fell to their lowest level in almost 27 years.
Invesco PowerShares Capital Management LLC’s emerging markets infrastructure exchange traded fund began trading yesterday, the Wheaton, Ill., firm announced.
New York Attorney General Andrew M. Cuomo has demanded that AIG recover the money it spent on lavish outings, bonuses and golden parachutes — and threatened sanctions if the insurer didn’t heed the order.
If preliminary data on hedge fund redemptions for September are any indication, the $1.9 trillion industry could be scrambling to honor a flood of withdrawal requests at the end of the year.
San Francisco hedge fund MedCap Management & Research LLC and its principal, Charles Toney, were charged today by the Securities and Exchange Commission with reporting misleading results by “portfolio pumping.”
Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone.
The $1.9 trillion hedge fund industry has gone on the defensive following a recent statement by Italian finance minister Giulio Tremonti, who suggested a move to abolish the alternative-class investments in Italy.
Major life insurance companies’ investments in non-prime mortgages are going to continue hurting their capital positions as the year rolls on, according to a study from Fitch Ratings Ltd.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
The Municipal Securities Rulemaking Board has promoted two staff members to new roles and hired a new member to its senior management team.
The Permal Group, a hedge fund group owned by Legg Mason Inc., plans to raise up to $500 million to purchase distressed hedge fund holdings.
In an effort to breathe life into the struggling economy, the Treasury Department will inject $250 billion into banks, while the FDIC took steps to help depositors.
The Reserve announced yesterday that the distribution from the liquidation of the Reserve Primary Fund would not happen within the time frame previously planned.
The Securities and Exchange Commission has reopened the comment period for its proposed rule on federal regulation of index annuities.
Insurance revenue at banks jumped by 9.5% to $23.7 billion in the first six months of the year, according to the American Bankers Insurance Association.
The latest data, released today by ForeclosureRadar.com, show the number of default notices filed against California homeowners plummeted 61.8% in September from August, and slipped 36.4% from a year ago.
Inflation is no longer the nation's chief economic problem; it is deflation, according to Jeffrey L. Knight, deputy head of investments and chief investment officer at Putnam Investments of Boston.
Closed-end funds are trading at discounts not seen in more than a decade, giving savvy investors plenty of opportunity to snap up a portfolio of securities for less than what those investments are actually worth.
Target date funds were hammered in the third quarter and fared worse then the S&P 500 because of poor performance from international stocks.
The Charles Schwab Corp. short-term-bond fund that blew up this year because of its exposure to mortgage-backed securities is now costing the firm as a result of significant legal losses.
