Money-market mutual funds took in $24.9 billion yesterday, bouncing back from their second-worst week of withdrawals, as investors unsettled by the debate over raising the U.S. debt ceiling returned to the market.
Taxpayers will be able to examine the qualifications of paid tax-return preparers in a database being built by the IRS that may be available as soon as 2013.
Four major life insurers with pristine Aaa ratings are likely to hold on to their status, provided that the United States' government bond rating doesn't fall by more than one rung
IRS says big surge in number of filers who made $200K — but didn't owe Uncle Sam a penny; 'further evidence of how broken this system is'
Ameriprise, MetLife and Prudential among those favored in a plummeting market
$250K limit can easily be bumped up to $2M; CDARS, brokered CDs gaining in popularity
Retail accounts of many banks not money-spinners; Wells Fargo latest to join field
New unit named after maker of bank's trademark stage coach
Typical family office invests more than a quarter of its clients' assets with hedge funds; share could be even larger
Credit ratings agency follows its downgrade of US long-term sovereign credit rating with a host of additional downgrades.
Fears of second economic downtown driven by fears, not fundamentals; 'bad things have not happened'
S&P's single-notch lowering of the U.S. sovereign debt rating was seen as a big blow to the Treasury market. Instead, worries about default on government debt has investors clamoring for -- yep -- government debt. The result? In an auction this week, taxpayers saved $647M.
Warren Buffett roundly disagrees with S&P's lowering of Uncle Sam's credit rating, stating that the United States deserves 'quadruple A' status.
GOP and Democratic lawmakers skewer plan to apply stricter standard to retirement plan advisers; 'absence of evidence'
The state of Louisiana will collect about $1 million in a settlement with John Hancock Life Insurance Co. as part of a massive investigation into the insurer's payment of death benefits
The ten largest life insurers doing business in California are under the microscope over the way they handle dormant life insurance policies.
Florida's insurance cop is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have boosted the companies' financials
Florida's insurance regulator is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have had an impact on the companies' financial statements and reserves.
Envestnet Asset Management Inc. has signed an agreement to provide a money management platform for Shareholders Service Group Inc., a San Diego-based custodial firm that serves 700 advisers.
