The exposure was in four transactions: two collateralized-debt-obligation squared transactions and two high-grade CDOs of asset backed securities.
The number of Americans filing claims for first-time unemployment benefits rose by 27,000 to a seasonally adjusted 542,000 for the week ended Nov. 15 — a 16-year high, according to data from the Department of Labor.
This week, three more insurers announced their intentions to apply for to the Department of the Treasury’s Capital Purchase Program.
The Conference Board's index of leading indicators, which measures the economic outlook for the next three to six months, fell 0.8% in October in a sign that the economy will continue to suffer in the months ahead.
The consumer price index, a key indicator of inflation, fell 1%, marking the largest monthly decline since the index was first computed in 1947, according to the Department of Labor.
There are more enrollees in consumer-directed health plans this year than last, and those individuals are more likely to have higher income and enjoy better health than their traditional plan counterparts, according to a study.
The producer price index fell by a record 2.8% in October, as energy prices plunged by the largest amount in 22 years, the Department of Labor reported.
Encourage your clients to go over their itemized deductions. If they are not as high as the allowable standard deduction, they may want to consider delaying some until next year.
Index annuity sales crept up during the third quarter, hitting $6.7 billion, according to data from AnnuitySpecs.com of Pleasant Hill, Iowa.
Massachusetts Secretary of the Commonwealth William Galvin today charged Oppenheimer & Co. Inc. with fraud and unethical conduct in the sales of auction rate securities.
Four more insurers have lined up to become banks in the hopes of qualifying for some money from the Treasury’s Troubled Asset Relief Program.
Japan is in a recession for the first time since late 2001 as the country’s gross domestic product contracted for two consecutive quarters — the definition of a recession — Japan’s Cabinet Office announced today.
Politics isn't the only place where people are opting for change.
As we wade through the fallout from the credit crisis, it is easy for investors to be fearful instead of seeing long-term opportunities.
Sensing an opportunity when a new administration and Congress take over in January, the Section 529 college savings plan industry is pushing for an expansion of current rules and regulations governing the programs.
Those with poor credit scores might be deadbeats.
The pain and suffering spreading across the global financial markets has translated into a bonanza of opportunities for the relatively obscure corner of the alternatives space known as the managed-futures industry.
In an unprecedented move that some are comparing to gambling on the legal system, a $4.6 billion lawsuit is being packaged as the sole asset of a special-purpose company that is preparing an initial public stock offering.
The bull market in broker recruitment deals has peaked.
The Hartford (Conn.) Financial Services Group Inc. today announced that it has applied to the Office of Thrift Supervision to become a savings and loan holding company.
