Home builders’ confidence stayed at basement levels in November, due to an increased inventory of unsold homes.
The October loss stems from a pair of credit default swaps written by the firm’s Credit Solutions unit.
The greatest risk facing the 401(k) system is that plan service providers will be declared legal fiduciaries as a result of litigation.
Regulators have asked local banks and foreign banks’ Chinese subsidiaries to ensure that loans at year’s end do not exceed the total outstanding by Oct. 31.
Doug Mishkin, president and chief executive officer of Algren Associates, will head up the executive board as chairman.
The firm reported income of $53.3 million over the first nine months of the year, compared to $20.4 million a year ago.
Monthly capital flows to the U.S. fell by $14.7 billion in September, marking the second consecutive monthly decline.
Mutual funds might be forced to sell off lower-quality issues that carry a high rating due to insurance.
Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
Barclays Global Investors has launched eight new iShares international exchange traded funds.
