A former financial adviser from Plymouth, Mass., has pleaded guilty in federal court to embezzling $4.3 million from his clients and using the money for personal expenses, including to make mortgage payments and pay his daughter's college tuition.
The American taxpayer bailed out New York City's banking elite. Now, the top securities firms are raking in supersized profits -- with bonuses to match.
Dow Jones & Co. is selling a 90 percent stake in its stock market index unit to exchange operator CME Group Inc. for $607.5 million, the companies announced Wednesday.
Citigroup Inc. said it is repaying $20 billion in bailout money it received from the Treasury Department, in a bid to reduce government influence over the banking giant.
Stock futures were trading in a narrow range Wednesday as investors avoided making big bets ahead of a key report on the service sector industry.
The top Senate Democrat and Republican negotiating new Wall Street regulation said Wednesday they expect to resolve their differences before the end of January, an optimistic outlook for a bill that had seemed mired in partisan conflicts.
An April trial date has been set for a Nebraska man accused of luring elderly investors under false pretenses and using some of their money to buy luxury items.
A hearing to determine whether the securities-fraud charges against two former Nebraska City brokers are warranted has been delayed until Oct. 19.
The former head of a Chicago asset management company pleaded guilty Wednesday to fleecing six union pension funds of $24 million and spending much of the money on jewelry, gambling and renovation of his strip club.
Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows — the best performance since the 1930s.
