The Financial Industry Regulatory Authority Inc. announced today that it had fined Raymond James & Associates Inc. of St. Petersburg, Fla., and RBC Capital Markets Corp. of New York, over stock-loan violations.
Don’t dust off the trusty old credit cards and go on a spending spree just yet — but the economy seems to be gaining strength.
President Obama's plan to transform the Federal Reserve into a super-regulator ran into skepticism Thursday from lawmakers who worry that the central bank is not the best suited to keep an eye on firms deemed so big and influential that their demise could hurt the economy.
A growing number of fund managers are optimistic that the economy is recovering — despite a recent sell-off in bonds, according to a survey.
Credit ratings agency Standard & Poor's has cut its ratings on 22 banks.
Excluding volatile food and energy costs, core prices also increased 0.1%, matching expectations.
Standard and Poor’s Ratings Services today hit Massachusetts Mutual Life Insurance Co., New York Life Insurance Co. and TIAA-CREF with negative ratings actions.
A call by the Obama administration to establish a fiduciary standard for broker-dealers offering investment advice was welcomed today by financial advisers, but they are concerned about plans to “harmonize” regulation of investment advisers and brokers.
Lincoln National, which markets itself as Lincoln Financial Group, will raise about $600 million from the stock offer.
President Obama unveiled a systemwide regulatory overhaul Wednesday, measures he hopes will restore confidence in the U.S. financial system and prevent a repeat of the worst crisis to hit Wall Street in seven decades.
The National Association of Active Investment Managers of Littleton, Colo., has elected Renee Toth as president of the trade group for 2009-2010.
Gross domestic production declined nearly 10 percent in the first quarter and the government predict it will decline by 6 to 8 percent this year.
The Labor Department said Tuesday that the Producer Price Index increased by a seasonally adjusted 0.2 percent from April. That's below analysts' expectations of a 0.6 percent rise.
The Federal Reserve's report on Tuesday showed production at the nation's factories, mines and utilities has fallen for seven straight months. Output also turned out to be a bit weaker — a 0.7 percent decline— in April than the Fed initially reported.
Aquiline Capital Partners LLC has purchased Conning & Co., the research, consulting and asset management firm, from Swiss Reinsurance Co. Ltd.
The Commerce Department said Tuesday that construction of new homes and apartments jumped 17.2% to a seasonally adjusted annual rate of 532,000 units.
Some lawmakers and economists say making the Fed a "systemic risk regulator" would itself be a high-stakes risk that would distract from its core mission: reviving the economy.
The Financial Industry Regulatory Authority Inc. yesterday adjusted its variable annuity suitability rule, releasing the final version of the much-debated Rule 2821. Originally, the rule had four major components.
