E-M Management Investments is at the center of a series of collapsed private partnerships.
The dollar edged up from its near-record low against the euro, while crude oil traded past the $90 mark on NYMEX for the first time.
Michel Flamee has been re-elected chair of the International Association of Insurance Supervisors executive committee.
The system will help life insurance companies get certifications of supervision of annuity suitability.
Despite careening markets, Americans felt more confident about their financial security.
Lehman has pledged $10 million to Spelman College to prepare black women for careers in the financial sector.
The figure includes the change in banks' dollar-denominated liabilities, which comprised most of the loss.
Cory Little will head the private banking and investment unit in Boston's global wealth management group.
LPL has plucked Derek Bruton from a custodian that caters to RIAs to oversee its network of affiliated B-Ds.
Merrill Lynch is stoutly denying that its finance chief, Jeffrey Edwards, will get the boot.
Market uncertainty remains unusually high as a result of subprime-mortgage turmoil, the Fed chief said last night.
One of the nation's top-producing independent brokers is under investigation by Michigan securities regulators.
They were selected “for having laid the foundations of mechanism design theory.”
Across the country, states are considering plans to apply "terror-free" investing strategies to their public pensions.
A.G. Edwards & Sons Inc. has sued more brokers who left the firm in the wake of its recent merger with Wachovia Securities LLC.
In an effort to get more wirehouse brokers to break away and become independent registered investment advisers, Schwab Institutional plans to roll out today an all-in-one benefits and payroll package designed for the newly independent RIA.
The Master-Liquidity Enhancement Conduit seeks to prevent an asset fire sale and to stimulate credit markets.
There is something rotten in the state of Michigan. Gov. Jennifer Granholm and state lawmakers emerged from a recent late-night budget session with a new 6% sales-and-use tax that affects investment advice services, among about 20 other previously untaxed services.
Social Security was once the third rail of politics. For years, the conventional wisdom held that if politicians mentioned the system's financial problems and so much as alluded to changing anything, they faced electrocution in the court of public opinion and a grisly end to their career
