The Vanguard Group Inc., the retirement plan provider and investment manager, says CEO F. William McNabb III will take on the role of board chairman in January.
President Barack Obama fought to keep his proposed banking overhaul on track Friday, casting the political struggle ahead as one between big financial interests and average Americans victimized by complex or unscrupulous financial transactions.
A former Oklahoma State pitcher received a $750,000 settlement from the NCAA to end a lawsuit challenging a rule that bans college baseball players from using legal advisers in contract negotiations with professional teams.
Mutual-fund manager Franklin Resources Inc. said Thursday it ended September with 3 percent more assets under management than at the same time a year earlier.
The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.
Some of the nation's secretaries of state want Congress to change regulations that kept them out of the loop during a federal probe of the now-defunct Stanford Financial Group.
Regulators and investor advocates voiced support Tuesday for a proposal that addresses consumer protection and would bring investment funds under government supervision as part of Congress' efforts to revamp the U.S. financial rule book.
House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor protection and bringing investment funds under government supervision as they hear the views of regulators, industry officials and investor advocates.
Dangle some cash and a lot of people are happy to turn in their employers for cheating on their taxes.
Lenders are ramping up efforts to avoid home foreclosures, but a report by bank regulators says more than half of borrowers who get help fall behind again.
