If hedge funds are becoming too commonplace, Michael Goldston offers jaded high-net-worth investors an alternative investment whose distinctiveness will knock their socks off and keep their feet toasty at the same time.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
The Section 529 college savings plan industry is trying to make sure that the Internal Revenue Service doesn't rain on its parade.
The Houston-based asset management firm’s earnings fell $596,000, after a net income of $2.6 million in the year-ago period.
U.S. nonfarm payrolls shed 63,000 jobs in February — the second consecutive monthly decline.
An alleged Ponzi scheme ran for 12 years and defrauded 1,000 investors of $350 million.
The RBC CASH Index fell to a reading of 33.1 in March, marking the index's worst reading since January 2002.
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
Modifications to SEC's privacy regulations would allow departing brokers to take customer contact information with them.
Republicans plan to introduce a bill that would make compliance with some provisions of Sarbanes-Oxley voluntary for banks.
The rate of home loans entering the foreclosure process was 0.83%, up from 0.54% a year ago.
The most significant increases in filings for the first two months of 2008 occurred in California, Maryland and Florida.
Federal Deposit Insurance Corporation chairperson Sheila Bair said most financial institutions remain well capitalized.
Financial services have eliminated 22,056 jobs since New Year’s, according to Challenger Gray & Christmas.
Manufacturing reports were down across the board with only St. Louis reporting a pickup in activity.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
Financial services and mortgage companies must do more to reduce preventable home foreclosures, Fed chief Ben S. Bernanke said.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
