The high-court's move in a key case could trigger flood of mutual fund lawsuits
Ms. Boesky will work on developing business with institutional investors and strengthening the bank's relationships with clients
The five companies covered are General Motors and its financing arm, GMAC, Chrysler and its financing arm, Chrysler Financial, and AIG.
To deal with a rising-rate environment, the fund manager has built a 44% position in bonds that have yields that adjust in relation to the London Interbank Offered Rate.
While the national average cost of home health care increased last year, expenses vary from city to city.
Look-alike site claims to have recovered $1.3B stash from a 'Madoff' hideout in Malaysia. It's also offering burned investors a chance to apply for some of that cash.
The National Association of Insurance Commissioners plans to look into legitimacy of third-party originated annuity transactions
The U.S. Treasury raised a record $1.54B in an auction of Bank of America bailout warrants. And Uncle Sam has three more sales scheduled for this month.
Fixed-annuity sales slid in the fourth quarter and dropped off slightly for the full year of 2009.
Fixed annuity sales slid in the fourth quarter of 2009 — and dropped off slightly for the full year.
Bank of America Merrill Lynch is already planning the next evolution of its Financial Wellness Monitor to be able to score investors' overall financial situation.
Hoping to mute public outrage over huge Wall Street bonuses, the big banks are making a show of paying employees with more restricted stock, which can't be touched for years, and less cash.
When he was a teenager, Nathan Stibbs used to catch passes thrown by Peyton Manning during high school games. This week, he was thrilled to receive something else from the Indianapolis Colts star quarterback. Mr. Manning snagged a ticket to Super Bowl XLIV for his friend and former teammate.
In yet another example of the ever-expanding power of social media, a startup investment platform is hoping to invade the mutual fund industry's turf by hooking up investors directly with money managers via such social-networking websites as Facebook and Yahoo.
Both sovereigns are facing economic woes. Both are facing huge budget gaps. But only one is facing runaway borrowing costs
The hearing will concentrate on the practice of baiting seniors and terminally ill people to act as insured lives on an annuity purchase, with the death benefit going toward a third-party investor or an intermediary.
For weeks, the question has lingered: Now that the Fed is following through on its promise to stop buying up shaky mortgage-backed securities, what will the powers that be do to prop up the housing market next?
