A North Texas jury has sentenced a former Maryland lawyer to 99 years in prison for organizing a fraudulent multistate investment scheme.
The former head of a Chicago asset management company pleaded guilty Wednesday to fleecing six union pension funds of $24 million and spending much of the money on jewelry, gambling and renovation of his strip club.
The Goldman Sachs Group Inc. is suing seven former employees of its private-wealth-management division who joined Credit Suisse Group AG for “pirating” the bank's clients and reps.
Marc A. Spilker will retire as co-head of the investment management division at Goldman Sachs at the end of February, confirmed Andrea Raphael, a spokeswoman for the firm.
Retail brokerage Charles Schwab Corp. said Friday that its clients' daily trading volume rose 8 percent in January compared with the same month a year ago.
Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows — the best performance since the 1930s.
Pacific Investment Management Co. LLC is planning to build active-equity-management capability, possibly by lifting an existing team from a rival firm, according to sources familiar with the company.
Warren Buffett earns millions of dollars of dividend income every quarter even though Berkshire Hathaway Inc., his insurance and investment company, has never made a payout.
Enforcement director follows Robert Errico out the door at industry watchdog
Only six managed the feat, in fact — those that did said the gains mostly came from expanded client rosters and smart investment choices
Can you solve a global debt crisis by issuing more debt?
Donald Kohn, the second-highest ranking official at the Federal Reserve, announced Monday that he will leave at the end of June, giving President Barack Obama a chance to put a bigger imprint on the central bank.
JPMorgan Chase & Co.'s banking subsidiary spent $1.9 million during the fourth quarter to lobby the federal government on issues related to regulations that would affect the banking industry.
According to a new survey, optimism sagged somewhat in February. The culprit? Nagging concerns about U.S. unemployment.
With the sale of Dresdner Bank now well behind it, Allianz appears to be back on track. Proof? The Pimco and Oppenheimer parent recorded close to a $6B profit in 2009.
Days after the Federal Reserve seemed to sound the alarm that the era of near-zero interest rates is ending, Chairman Ben Bernanke tempered those expectations a bit this week.
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last.
Henry Paulson, the former Treasury chief, and billionaire Warren Buffett said taxpayers will recover every cent paid out to banks during the economic meltdown and may even turn a profit.
Politicians of both parties are giving us lessons in how to snatch defeat from the jaws of victory.
The fate of a lawsuit brought by two brokerage firms against NASD over its 2007 merger with the New York Stock Exchange's regulatory unit could be decided this month.
