Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday.
A Florida investor filed a federal class action against Regions Financial Corp., alleging that when the bank tried to obtain shareholder approval for a 2006 acquisition, it misrepresented its financial condition to the investors.
President Barack Obama fought to keep his proposed banking overhaul on track Friday, casting the political struggle ahead as one between big financial interests and average Americans victimized by complex or unscrupulous financial transactions.
A former Oklahoma State pitcher received a $750,000 settlement from the NCAA to end a lawsuit challenging a rule that bans college baseball players from using legal advisers in contract negotiations with professional teams.
The number of financial advisers fleeing large brokerages appears to be slowing, as many wirehouse reps are staying put — for now — or joining another wirehouse.
The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.
Even during his most frenzied days, when Congress is demanding answers or the president himself is calling, Treasury Secretary Timothy Geithner makes time to talk to a select group of powerful Wall Street bankers.
Investors have learned hard lessons about sector weightings over the years.
Robert McCann, the former head of the brokerage business at Merrill Lynch & Co., will officially take over as the head of UBS AG's wealth management business by the end of the month, according to a source close to Mr. McCann.
Balances in health investment accounts leapt by more than 20% quarter-over-quarter during the second quarter of 2009, according to data from Canopy Financial Inc.
The uncertain direction of the economy and the markets remains the “key challenge” for investors, according to Ron Albahary, who was named chief investment officer for Convergent Wealth Advisors on Monday.
In another acknowledgment of the rapid rise of independent investment advisers, Putnam Investments is creating a distribution channel dedicated solely to selling its products to them.
Officials for Penson Financial Services Inc. said that <a href= http://www.youtube.com/watch?v=pKQdQ0T9IkE&feature=player_embedded> a video circulating on the Internet </a> of one of its traders engaging in an apparent naked short sale is a fraud that unfairly accuses the firm of violating Securities and Exchange Commission regulations.
Larger financial institutions shedding their asset management business accounted for the bulk of mergers-and-acquisitions activities in the third quarter, a trend that will continue in the months ahead, according to a report today from the financial-institutions group of Jefferies & Co. Inc.
ING's <a href= http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091007/FREE/910079995> decision to sell off its Swiss private-banking unit</a> to Julius Baer Group today is renewing speculation that the insurer may soon sell off most of its broker-dealer network here in the United States.
But the Financial Services Institute Inc. isn't suggesting it should be Finra just yet
Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress' efforts to revamp the U.S. financial rule book.
Some of the nation's secretaries of state want Congress to change regulations that kept them out of the loop during a federal probe of the now-defunct Stanford Financial Group.
House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor protection and bringing investment funds under government supervision as they hear the views of regulators, industry officials and investor advocates.
Regulators and representatives of the insurance industry appeared before Congress today to discuss a new draft of the Federal Insurance Office Act of 2009.
