National ratings agencies received criticism yesterday at a meeting of the insurance industry for their failure to properly rate residential mortgage-backed securities prior to the crisis.
The United States faces greater systemic risk today than it did a year ago, according to economist Joseph Stiglitz, a Nobel laureate and professor at Columbia University's graduate business school.
Regulators and legislators clashed with members of the life settlements industry at a congressional hearing today that focused on the risks and merits of life settlements securitization.
About 270 registered reps and advisers are scrambling for a new broker-dealer to park their licenses after being notified just yesterday that their firm — Colonial Brokerage Inc. — will be shut down in November, according to sources both inside and outside of Colonial.
The Virginia College Savings Plan, the nation's largest Section 529 plan with over $23 billion in assets, will offer a fixed-income investment option nationally on BB&T Corp.'s online platform, beginning later this year.
The stock market's rally has reawakened the initial public offerings market, with five IPOs being launched yesterday and at least three more scheduled for this week.
The nation's economic recovery has just begun and "we still have work to do," a senior Treasury official told Congress on Thursday, the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund.
A former broker at Prudential Securities Inc. charged with fraudulently trading mutual funds for millions of dollars in commissions has been sentenced to two months in a halfway house.
Retirees and pre-retirees remain skeptical about the likelihood of recovering their portfolio losses, and they are keeping financial advisers at arms' length, according to an informal survey.
A North Carolina insurance agent and former registered representative was arrested yesterday and faces embezzlement charges for allegedly duping a 90-year-old woman into signing away her annuities.
With the U.S. economy on the mend, the Federal Reserve on Wednesday said it is slowing the pace of a program to lower mortgage rates and prop up the housing market.
A financial adviser from northwest Arkansas said he's seeking the Republican nomination to challenge Democratic U.S. Sen. Blanche Lincoln, joining an increasingly crowded field of GOP hopefuls.
Stocks rose in morning trading Tuesday as commodities rebounded ahead of the Federal Reserve's meeting on interest rates.
