A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
The firm will refinance the auction rate preferred securities issued by its municipal closed-end funds.
The Securities and Exchange Commission is investigating Franklin Bank after an internal probe revealed accounting errors tied to residential real estate loans.
State Street unit launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange.
Despite the economic downturn, demand for small-business 401(k) plans remains strong, according to ShareBuilder Advisors.
Taxes are going up after the expiration of the Bush tax cuts in 2010, even if John McCain, R-Ariz., is elected president in November.
The producer price index edged up a weaker-than-expected 0.2% last month, reflecting reduced gasoline prices at the producer level.
Citigroup Inc.’s Falcon Strategies hedge fund plunged more than 75%, taking three banks with it.
Fidelity Investments of Boston today launched a new international equity fund which involves multiple emerging markets.
The economy will probably avoid going into recession, said Marci Rossell, a former chief economist for CNBC Inc. television.
