Bank of America Corp of Charlotte, N.C. has joined the ever-growing list of firms that are being required to repay investors who bought auction rate securities.
The U.S. trade deficit edged up in April as crude oil prices hit the highest level since December, but the imbalance so far in 2009 is well below last year's total as the recession dampens demand for imports.
Some good news for the charitable-giving world: Most donors — 55% — planned to donate the same amount to charities in 2009 as they did last year, according to a recent survey conducted by the Fidelity Charitable Gift Fund, a charitable donor-advised-fund program established by Fidelity Investments of Boston.
Two California men and the companies they ran were charged today with conducting an $80 million Ponzi scheme that targeted Korean-American investors with false promises of annual returns of up to 36% from foreign currency trading,
Clearbrook Financial LLC has lured a 22-year Merrill Lynch & Co. veteran to serve as its new chief executive.
U.S. retirement assets were down 22% at the end of 2008, compared with yearend 2007, according to a report released yesterday by the Washington-based Investment Company Institute.
Retirees would be able to take a portion of their retirement savings in the form of an annuity if a bill introduced today by Rep. Earl Pomeroy, D-N.D., were passed into law.
Peter L. Bernstein, an economic consultant who sought to bring ideas of modern investment management from academia to the practitioner, died Friday in New York.
Obama is ramping up his stimulus program this week even as his advisers are ramping down expectations about when the spending plan will stem a continuing rise in the nation's unemployment.
BlackRock Inc. confirmed this morning that it's in talks with Barclays PLC to acquire the London-based company's $1 trillion money management unit, Barclays Global Investors.
The Conference Board Employment Trends Index saw a small uptick in May, increasing 0.2% to 89.9, from 89.7 in April.
Making a case for long term care insurance can be a challenge under any circumstances.
Mindful of past disasters with long term care insurers, financial advisers have found ways to balance financial viability with quality benefits.
Advisers are struggling to get clients — especially baby boomers — to think about funding long term care in the face of depleted investment portfolios.
The House Financial Services Committee is considering a package of legislation to tighten regulation of the municipal bond market.
Financial advisers who cater to workers in the automotive industry are scrambling to prepare their clients for the onslaught of job losses that will follow General Motors Corp.'s filing for bankruptcy protection last week.
Many financial decisions are made around the dinner table rather than a conference table, according to one financial planner and foodie who believes in presenting financial planning concepts in a more digestible way.
Financial advisers across the country are creating networking organizations dubbed philanthropic advisers networks, or PANs, with the mission of helping advisers collaborate locally and also interact with philanthropists.
Now that the stock market seems to be signaling that the recession has bottomed, perhaps the demagogic bashing of bankers, insurance executives, hedge fund managers, auto executives and even ordinary businesspeople will cease.
After being written off as an asset class just a few short months ago, emerging-markets equities are back.
