Despite some mixed data over the past couple of months, our view is that the global economic recovery remains on track, both in developed and emerging economies.
A federal judge has ordered the acquittal of two former employees of disgraced financier Allen Stanford on charges that they illegally shredded thousands of company documents. U.S. District Judge Richard W. Goldberg cited insufficient evidence Friday in Miami in the case against ex-Stanford employees Thomas Raffanello and Bruce Perraud. The judge's order came on the second day of jury deliberations. Raffanello and Perraud faced up to 50 years in prison if convicted of conspiracy, document destruction and other charges. Defense attorneys had argued that all records were backed up electronically. Raffanello was previously chief of Miami's Drug Enforcement Administration office. Stanford is awaiting trial in Houston.
The bank's first-quarter profit easily beat expectations, as trading gains helped offset consumer loan losses
Robert Rubin, a senior adviser to Citigroup Inc. at the time of its deep losses from subprime mortgages, and former CEO Charles Prince said they learned belatedly that Citi had $43 billion in high-risk securities on its books.
Skip Massengill takes all your questions on building a successful retirement service practice.
Berkshire Hathaway was sued by an ex-manager of its RV biz. His claim? He was fired after blowing the whistle about 'millions of dollars' of fraud at the unit
Advisers to popular bank retirement vehicles under scrutiny
The bill passed by the Senate last month that extends expiring tax breaks includes a provision affecting individual retirement accounts.
An eager crowd of about 700 bidders showed up at a North Salt Lake warehouse for a most unusual auction
More than ever, they want advice on hiring, firing and other practice-management issues
The Securities and Exchange Commission is reviewing the use of financial derivatives by mutual funds, exchange-traded funds and other investments to determine whether new protections are needed for investors.
Federal prosecutors are seeking an eight-year sentence for a Kirkland, Wash., financial adviser who stole more than $12 million from 42 clients.
I suggested last week, in what seemed like a counter-intuitive phenomenon to some, that sharply lower prices for Greek bonds would bring out sellers rather than buyers.
Renee Brown is president of the Real Estate Securities Investment Association. She also co-founded a due diligence firm.This week, the SEC charged her with bilking investors
Rhonda Breard, 47, promoted her financial expertise in television infomercials and in $49 seminars at local community colleges. Beginning in 2004, she started encouraging clients to take money out of certain accounts and turn it over to her — supposedly for new investments.
Schapiro lays out new rules requiring asset-backed issuers to retain five percent of asset-backed securitizers
Jeffrey Hausinger switches firms following allegations that he gave money to Oklahoma Sooners' basketball star Keith “Tiny” Gallon
Japan's stock market has attracted as much “new blood” as the U.S. in the past 10 years.
The American Council of Life Insurers is asking policymakers to bar the securitization of life settlements.
