Total represents a 5% drop from yearend 2008 and is 26% below 2007 peak.
Aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said today.
For green investors, patience is not only a virtue, it is a source of profits.
In a positive sign for the job market, the Conference Board Employment Trends Index remained flat last month for the third month in a row, according to data released today.
With the economy strengthening but still fragile, Federal Reserve policymakers are expected to hold a key lending rate at a record low this week and will weigh whether to extend some programs that were created to ease the financial crisis.
Mutual life insurance companies fared better than their stockholder-owned counterparts in the recent economic tumult, according to a report from Moody's Investors Service.
The recent SEC rule change allowing unexercised employee options to act as collateral for listed publicly traded options is good news for holders of employee options.
Although improving financial markets have helped lift some life insurance carriers, the firms still have a ways to go before they recover fully, according to a report from Moody's Investors Service.
No wonder investors have lost faith in the stock market.
Foothill Securities Inc., an employee-owned broker-dealer, has merged with Cue Financial Group Inc., a smaller independent firm.
A proposal by the Securities and Exchange Commission that would require advisory firms holding custody of client assets to be audited by accountants inspected by the Public Company Accounting Oversight Board would cost each firm an average of $200,000, according to one new estimate.
Attorneys and executives at broker-dealer firms are questioning the extent of National Financial Partners Corp.'s potential liability in a civil suit involving a failed life settlement transaction at an NFP affiliate.
New, higher assessments by the Securities Investor Protection Corp. are causing ”sticker shock” at several broker-dealers, particularly independent-contractor firms.
With discussions regarding the sale of the AIG Advisor Group dragging on for months, representatives and financial advisers who are affiliated with the beleaguered broker-dealers of the firm are relieved now that two final bidders have emerged.
Aggressive hiring by regional broker-dealers is likely to continue for the rest of the year, coming mostly at the expense of the wirehouses, according to industry executives and analysts.
A former financial adviser and registered representative who reportedly hid his criminal past by using a dead infant's identity pleaded guilty last Thursday to several fraud charges.
Kenneth Lewis, Bank of America Corp.'s embattled chief executive, gave a trenchant analysis of the state of banking — and the brokerage business, in particular— last week when he announced that former Smith Barney boss Sallie Krawcheck will run the bank's global wealth and investment management sector.
Some broker-dealer executives who are now paying increased fees to the Securities Investor Protection Corp. are wondering why it is paying out on claims of investors victimized by Bernie Madoff.
Investors in the Schwab Charitable Fund national donor-advised offering now have more investment choices.
