Consumer confidence has fallen, again.
Clients funneled $12.1 billion of new assets to Charles Schwab in January, up 32% from December, but trading activity from its retail and advisory channels fell..
The outlook for a quick rebound in the European economy is weak.
Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.
The rising rates of high-quality-corporate-bond yields are helping pension funds offset the impact of the stock market downturn.
The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.
Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.
After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.
Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.
To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
The Hartford (Conn.) Financial Services Group received approval from the Connecticut insurance commissioner to change accounting practices.
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
Only three of the eight CEOs testifying before the House on their use of government bailout funds bought shares in their companies over the last six months as the stocks were plummeting.
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
Congress has reached agreement on the nearly $800 billion economic stimulus package sought by President Obama. Senate Majority Leader Harry Reid , D-Nev., told reporters that House and Senate negotiators “bridged differences” between the two chambers’ versions of the bill and came up with a $789 billion package.
Insurers are eager to continue developing products in the variable annuity arena — with the search for ways to reduce risk as a top priority.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
