Although the stock prices of mortgage giants Fannie Mae and Freddie Mac were bruised, a handful of mutual funds continue to hold the securities, either because they underestimate the risk or because they are smarter than the average bear.
Economists at major U.S. corporations believe that the economy will steer clear of a recession.
How's this for a business model: invite really, really rich people to join an exclusive club, charge them not inconsiderable fees, and encourage them to share concerns and investment ideas.
Wachovia Securities LLC of St. Louis continues to file lawsuits against groups of legacy A.G. Edwards brokers who have left the firm.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
the S&P 500 is down 2.95% this decade — well below the 2.04% real advance during the 1930s.
Citigroup lost $2.5 billion in the second quarter while Merrill Lynch was down $4.65 billion.
Wilmington Trust reported a second-quarter loss of $19.5 million on impairment charges and a securities loss.
Clients would have to have a net worth of at least $1.5 million for investment advisers to charge them performance fees.
Regulators raided the St. Louis headquarters of Wachovia seeking records related to the sale of auction rate securities.
JPMorgan Chase & Co. reported that its second-quarter earnings were 53% below last year’s levels.
UBS plans to buy back up to $3.5 billion of its auction rate securities after it was accused of fraudulent practices.
Second-quarter profits edged up 1% at The Charles Schwab Corp. to $295 million, or 26 cents a share.
The CPI has risen 5% since June 2007, marking the highest year-over-year increase since the 5.3% jump between February 1990 and February 1991.
The producer price index for June brought more bad news for the economy, posting an increase of 1.8% as inflation took its toll.
State Street Corp. posted a 50% second-quarter earnings increase today while U.S Bancorp reported that profits dropped 18%.
The euro reached a high of $1.6036 on the dollar today, its highest level since the currency debuted in January 1999.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
Dow Jones and Brookfield Asset's indexes serve as benchmarks of companies that own infrastructure assets.
