An investment fund manager from Tennessee drew a 14-year prison sentence Wednesday in a $33 million Ponzi scheme that cheated more than two dozen investors in the United States, Germany and Costa Rica.
Morgan Stanley elevated its chief financial officer to a new role as co-chief of investment banking and global securities trading Tuesday as part of a management shake-up ahead of James Gorman's assumption of the CEO role on Jan. 1.
Provisions in legislation aimed at “too-big-to-fail” financial firms will increase borrowing costs for large institutions — and will make it harder to get secured lending, according to financial industry officials.
The chairman of the Federal Reserve is concerned that congressional efforts at financial reform could weaken the central bank's ability to handle future crises and may politicize monetary policy.
Federal authorities today charged a Connecticut man with running a Ponzi scheme that allegedly bilked investors out of $20 million over nearly 12 years.
A Philadelphia-area fund manager has been sentenced to 15 years in prison for running a Ponzi scheme that cheated investors out of $35 million.
Wells Fargo Investments LLC will return about $1.3 billion to investors who suffered losses in the auction-rate-securities market, according to the North American Securities Administrators Association Inc.
Two recent legal victories by securities firms involving the sale of auction rate securities suggest that institutional investors could find it tough to prevail in similar battles.
A Lubbock businessman pleaded guilty Thursday to two charges related to his bilking $50 million from investors in a Ponzi scheme.
The secular bull market in commodities, which took a breather during the stock market downturn last year, is back on track and poised for an extended rally, according to money managers and market watchers.
U.S. stock futures are creeping higher as investors return from a long holiday weekend to find good news on retail sales
Stocks edged higher Monday as investors returning from a long holiday weekend were heartened by good news on retail sales.
The decade ahead could be a brutal one for America's unemployed — and for people with jobs hoping for pay raises.
Nobel Prize-winning economist Joseph Stiglitz warned there's a "significant" chance the U.S. economy will contract in the second half of next year.
If the trend is your friend, U.S. large-cap stocks will be the place to invest over the next several months, says Jim Porter, manager of the Aston/New Century Absolute Return ETF Fund (ANENX).
The stock market's relentless charge from its March lows shouldn't be taken for granted, since no rally lasts forever, according to portfolio manager Jeffrey Beamer, who maintains a constant hedge on every position in his Lacerte Guardian Fund (LGFIX) offered by Lacerte Capital Advisers LLC.
Heading into 2009, it looked as if Avis Budget Group Inc. was doomed to wind up in bankruptcy court. Not only did the car renter avoid that sad fate, it ended the year as far and away the best-performing stock in the New York area.
The nation's 10.2% unemployment rate — the highest level in 23 years — is being viewed by some analysts not as a peak but as the beginning of a sustained period of above-average unemployment.
An unexpected drop in sales of new homes last month is stalling a three-day rally on the stock market, leaving indexes narrowly mixed.
World stock markets rose Wednesday amid mounting optimism about the speed of the U.S. economic recovery ahead of further data later.
