Many commentators in recent weeks have said that one of President Obama's first priorities must be to restore public confidence.
Disenchanted brokers are migrating slowly to independent channels, adding to the coffers of major custodians like Charles Schwab & Co. and Fidelity Investments.
The brokerage industry may have to pony up as much as $1 billion to replenish the Securities Investor Protection Corp. fund, should SIPC's liquidation of Bernard L. Madoff Investment Securities LLC of New York deplete its reserves.
The latest attack on short selling could come in the form of a reinstatement of the so-called uptick rule, which requires that a stock moves upward in price before it can be sold short.
Standard and Poor’s Ratings Services today cut its credit ratings on AFLAC Inc., placing the Columbus, Ga., health carrier on CreditWatch with negative implications.
A bipartisan group of seven House members today sent a letter to Treasury secretary-designate Timothy Geithner, asking him to set up an office of insurance information if he is confirmed.
Tracking the value of a wine cellar full of “investments” will get a little easier starting Monday when the London International Vintners Exchange launches the Liv-ex Claret Chip Index, the first fine-wine weekly price index.
England officially entered into a recession in its fourth quarter, ended Dec. 31, according to data released today.
The Denver-based company’s earnings fell to $7.8 million, or 5 cents a share, from $51.6 million, or 30 cents a share, a year earlier.
GE Asset Management Inc. of Stamford, Conn., today agreed to add the GE Investments Total Return Fund to Pacific Life Insurance Co.’s variable annuity platform.
Shares of AFLAC Inc., a Columbus, Ga.-based health insurer, plunged after a research note from Morgan Stanley aired concerns about the company’s capital levels.
AllianceBernstein LP reported a 73% fourth-quarter-profit decline, while CIT Group Inc. and Fifth Third Bancorp posted fourth-quarter losses stemming from bad loans.
The New-York based investment firm blamed the drop, in large part, to incurring $215 million in losses from investments in hedge funds and real estate products.
Fund managers are becoming increasingly optimistic about improving economic growth and the prospects of inflation, but they remain cautious over U.S. equities and emerging Chinese markets, according to Merrill Lynch’s January global fund managers survey.
The Bank of New York Mellon Corp. reported an 88% drop in fourth quarter net income late Tuesday, stemming in large part from $1.24 billion in securities write-downs.
The New York-based investment bank, which has now suffered five straight quarterly losses, incurred around $328 million in charges during the quarter, stemming mainly from expensing 2007’s employee stock awards.
TD Ameritrade Holding Corp., the discount brokerage firm that also offers custody services to independent investment advisers, reported fiscal 2009 first-quarter earnings today of $184.4 million, or 31 cents a share, meeting analysts’ forecasts.
State Street Corp. today reported a 71% profit drop in fourth-quarter earnings, along with increased unrealized losses in its commercial paper program and investment portfolio.
The Securities and Exchange Commission’s Office of Economic Analysis has extended the deadline for public companies to participate in a web-based survey about the costs and benefits of Section 404 of the Sarbanes-Oxley Act of 2002.
