Goldman Sachs' hard-to-value assets declined 19% in the second quarter, to $78.1 billion.
Janet Yellen predicts unstable housing and higher commodity prices will hamper recovery before 2009.
Investors, brokers and analysts believe the current bond-rating system should be reformed.
Banc of America Securities cuts its earnings estimates and price targets on Blackstone Group and Fortress Investment Group.
The decrease in non-farm payrolls follows a decline of 49,000 jobs last month.
The European Central Bank raised its benchmark interest rate a quarter point to 4.25% to combat fears about inflation.
Americans reacted to soaring gasoline and food prices and the worst stock market since the Great Depression.
Smart advisers don’t rely on a client’s memory about beneficiary designations; they ask to see paperwork.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
The job cuts mark the largest decrease since November 2002, according to the monthly ADP National Employment Report.
The national manufacturing sector grew in June for the first time since January, according to the Institute for Supply Management.
“In a soccer match of 90 minutes, we think we are in the 80th minute of decline of the dollar, said Morgan Stanley's David Darst.
The deal makes Hartford-based ING Wealth Management the third largest defined contribution business in the country.
Hedge fund investors now have the ability to insure themselves against fraud or even the allegation of fraud.
Billionaire money manager Jeffrey Epstein was sentenced to 18 months in jail for soliciting prostitution.
Analysts concerned about Security Benefit Life Insurance Co.'s investments in subprime-mortgage-backed securities have cut the firm's financial ratings and are keeping a careful eye on the Topeka, Kan., carrier.
The model aims to create an industry standard to streamline the process of selling VA contracts and simplify compliance.
Ted Mathas' promotion makes him the New York-based company’s 18th CEO in its 163-year history.
The immediate reality of higher energy and food prices is putting some Americans even further behind the eight ball when it comes to retirement savings, according to a new survey on consumer spending habits.
