It will take investors two to five years to recover from the losses that they have endured in the past year in their 401(k) plans, one industry expert said.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Retirement accounts have taken a huge hit since the markets tanked, but they were already in trouble because most consumers weren’t saving enough even when times were good, according to one industry leader.
Bernard Madoff began to face the music today.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
As Valentine’s Day approaches, Cupid’s arrow may snag that special partner, but be sure it doesn’t snag some financial troubles in the process.
As financial advisers are aware from their own businesses, success never comes to those who stand still.
Private-equity investors appear to be leading the pack of likely buyers for the three broker-dealers in the AIG Advisor Group, which houses 6,571 representatives, according to a number of industry sources.
House Financial Services Committee Chairman Barney Frank, D-Mass., last week laid out an ambitious 2009 legislative program for his committee.
The Department of the Treasury under former Secretary Henry Paulson took a “passive-investor” approach to buying stakes in financial institutions.
Two members of the Securities and Exchange Commission today called for harmonizing regulations of broker-dealers and investment advisers.
President Obama’s limits on compensation for executives with firms about to receive federal bailout money might be riddled with loopholes.
In her first public speech since becoming chairman of the SEC, Mary Schapiro said risk-based oversight of broker-dealers and advisers needs to be strengthened.
President Obama revealed major compensation reforms today that will limit significantly the pay of executives at companies receiving federal bailout money.
