A fund manager accused of cheating investors of more than $100 million has pleaded guilty to fraud charges, admitting he lied to hundreds of investors about the health of his business.
Eaton Vance Management and Invesco PowerShares on Tuesday announced new investment products offering exposure to the government's Build America Bonds stimulus program, which seeks to spur construction and repair projects by state and local governments.
Asset manager Eaton Vance Corp. said Wednesday its profit for its fiscal third quarter fell 37 percent as it recorded lower fund inflows than a year ago.
It's only a modest boost in the emergency lending rate. But the Fed's small hike in the discount rate speaks volumes about the big picture.
Bank of America fired its top lawyer in December 2008 before its fateful takeover of Merrill Lynch simply to make way for another executive, and not because he had given the company legal advice it didn't want to hear, the Securities and Exchange Commission has said in a court filing.
Trouble in paradise? Apparently, as Maui Co. sues Merrill Lynch to get back its investments in auction rate securities.
The president of an Albany investment firm is accused of selling fraudulent securities to investors across the country.
The New York Attorney General's office said Thursday it is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
Despite getting smaller, Royal Bank of Scotland still has some very big problems. Bad loans and a shaky economy top the list. Turning a profit? That's still a ways off.
Investment manager BlackRock Inc. said Tuesday that it has completed its acquisition of Barclays Global Investors, including the purchase of the iShares exchange traded funds business
