The government's response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.
In yet another example of the ever-expanding power of social media, a startup investment platform is hoping to invade the mutual fund industry's turf by hooking up investors directly with money managers via such social-networking websites as Facebook and Yahoo.
Both sovereigns are facing economic woes. Both are facing huge budget gaps. But only one is facing runaway borrowing costs
The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from -- especially in these states.
Convicted felon owes $96K in restitution to victims -- but still swung a tax break from the state
The FDIC labels more than 700 U.S. banks as 'problems'. Nearly 10% could fail. Meanwhile, one analysts claims regulators are hoping the economic turnaround will bail out the bad banks. It better.
A team of four financial advisers has left Morgan Stanley Smith Barney, where they advised on $267M in client assets, to join the private-wealth-management group at Robert W. Baird & Co., according to a company spokesperson.
Genworth's Total Living Coverage Annuity can also be covered through a tax-free 1035 exchange out of an old annuity or life insurance product.
After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.
FundQuest is partnering with Envestnet Asset Management Inc. to offer advisory firms additional IT resources.
Republican members failed to set off any fireworks. Bankers, on the other hand, were quick to torch the bill.
The SEC claims the unregistered investment adviser promised clients he'd put their money into safe investments. Instead, he allegedly poured the cash into start-up coffee shops, real estate, and his own pocket.
From this outside perspective, with knowledge gained from talking to dozens of folks on the inside of the firm, MSSB is a joint venture in title only: Morgan Stanley is running the show.
President Barack Obama signed a major health care overhaul bill Today. Here are some of its features, along with details on a package of changes to the legislation under consideration by the Senate this week.
With the passage of the health care bill, investors will see the tax rate on long-term capital gains jump to 23.8%, raising questions for investors looking to protect their assets
A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
Bank of America Merrill Lynch is establishing an elite new designation for financial advisers who want to work with large 401(k) plan clients. The new designation is part of the bank's push to become a bigger player in the retirement space.
Bank of America would pay $150 million and strengthen its corporate governance and disclosure practices under a proposed settlement filed today with the U.S. District Court for the Southern District of New York by the Securities and Exchange Commission.
After the sell-side analyst scandal in 2003, the SEC negotiated a settlement with i-banks to rein in tainted research. Now, the Senator Banking Committee chair wants to reexamine that deal
