The executive may rank as highest paid chief on Wall Street, even after taking a 34% cut from the lofty $70 million pay package he took home in 2007.
Genworth Financial Inc. won’t be able to participate in the Department of the Treasury’s Troubled Asset Relief Program.
Bank of America Corp. has paid a $4.7 million fine to Massachusetts following an investigation of the bank's marketing and sales of auction-rate securities.
New jobless claims fell more than expected last week but are stuck at elevated levels, while the number of people continuing to receive unemployment insurance approached 6 million, setting a record for the 10th straight week.
Japanese Prime Minister Taro Aso unveiled an ambitious long-term growth strategy today, vowing to refashion the world's second-largest economy and create millions of jobs, with the first step a massive new stimulus package.
The U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years as the steep recession pushed imports down for a seventh straight month while U.S. exports managed a small rebound.
There were fresh signs today that the full force of the recession may be petering out: a strong profit forecast from Wells Fargo, a drop in unemployment benefit filings and several retailers predicting solid April sales.
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
Faced with the danger of a worsening recession, Federal Reserve policymakers at their March meeting took the bold step of plowing $1.2 trillion into the economy to drive down interest rates and entice Americans to start buying again.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
While an index of consumer confidence rose in March, those surveyed still plan to be conservative about spending, according to a report released today.
In a customer service satisfaction survey of 17 brokerage firms, discount-brokerage firms scored better in terms of navigating clients through the market downturn last year, compared with larger, full-service brokers, according to Consumer Reports.
The chief executive of Goldman Sachs Group Inc. today called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds.
Lincoln National Corp., which paid off a $500 million debt just yesterday, today said it is considering whether to sell assets in an effort to bolster its insurance businesses.
Sisters of Charity of the Blessed Virgin Mary, Dubuque, Iowa, has filed a civil suit alleging breach of fiduciary duty, breach of trust and unjust enrichment regarding losses from the order’s investment in an SSgA enhanced Dow Jones-AIG Commodities futures strategy.
Active portfolio managers experienced a surge of confidence last week as the Index of Manager Sentiment recorded a record seven-day spike, pushing the index to its highest level in nearly 10 months.
Job security in the financial sector is still a precarious proposition, but the worst may be over, said Marisa DiNatale, a senior economist at Moody’s Economy.com, a division of Moody’s Analytics Inc. of West Chester, Pa.
Shares of Lincoln National Corp. fell today as the insurer prepared to pay down $500 million in debt.
Following the recent death of its chief executive Gordon Loetz, GunnAllen Holdings Inc. of Tampa announced a series of management changes this morning.
