Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
Europe is suffering from “a very strong inflationary shock” with food prices soaring and the cost of oil hitting record highs.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
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The number of vacant homes in the U.S. increased to a record 18.6 million in the first quarter of 2008.
If there is a silver lining to the bursting of the real estate bubble, the weak economy and the attendant bear market, it may be that the great mass of baby boomers still 10 or more years from retirement might be scared into saving more for retirement while they still have time.
Advisers uncertain over the future direction of sky-high commodities prices have impressive company — commodities experts themselves.
The bank posted an 85% profit increase, thanks to a surge in net interest and net fee income along with a lowered tax rate.
The best age range to educate children about and involve them in philanthropy is five to 12, said a foundation executive.
Federated Investors Inc.’s profit increased 8% in the first quarter on higher demand for its money market funds.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
The number of new homes sold in March fell to a seasonally adjusted rate of 526,000, down 37% from last year.
Advisers must distinguish between their ability to provide financial advice and the client’s need for legal counsel.
Credit Suisse lost $2.1 billion for the first quarter, compared with a profit of $2.7 billion in same period in 2007.
