A former Morgan Stanley employee has been charged with stealing $2.5 million from the firm, with the crimes allegedly occurring over more than seven years.
A member of a blue-ribbon panel appointed by California Gov. Arnold Schwarzenegger to make recommendations on improving the state’s tax code said the panel’s members are philosophically opposed to taxing professional fees or any other “non-tangible” services but warned that dire economic conditions may make such opposition moot.
When the SEC declared that equity index annuities are securities last year, it ignored the McCarran-Ferguson Act.
New residential-housing construction permits continued to decline last month, falling 4.8% from December.
President Obama’s mortgage plan aims to keep up to 9 million families from losing their homes to foreclosure.
President Obama today signed into law the $787 billion stimulus bill.
Americans’ confidence in their own financial security continues to drop, according to an index that showed a steady decline in people’s views over the past six months.
The SEC today charged that Allen Stanford and his financial companies also falsely promoted the Stanford Allocation Strategy fund mutual fund wrap program.
Employers persuaded their employees to put their 401(k) investments in the stock market, but now they are trying to persuade them not to abandon their investments.
Smith Barney has lost 15 advisers in the Baltimore area to Robert W. Baird & Co. Inc.
Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
The equity market reacted to Treasury Secretary Timothy Geithner's much-anticipated bank rescue plan last week with a resounding thud.
As clients continue to question the merits of traditional investment approaches, Philipp Hensler, chairman and chief executive of DWS Investments Distributors Inc., is prepping his firm to arm financial advisers with a new way of thinking.
Whether out of necessity or a sense of opportunity, financial advisers are gearing up to attract clients in the midst of one of the worst bear markets on record.
Credit Suisse Securities has been ordered by an arbitration panel to cash out an institutional client that held $400 million in collateralized debt obligations.
Executives at companies receiving federal assistance would face stiffer limits on bonuses and severance under the stimulus bill passed by the House today.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
The House this afternoon approved by a vote of 246-183 a $787 billion stimulus bill in the hope that it will help the United States out of the economic crisis.
