New York-based JPMorgan Chase reported a third-quarter profit of $527 million, or 11 cents a share, down 84% from the $3.4 billion, or 97 cents a share, recorded in the year-ago period.
Investors are more likely to change their investments strategies if government raises the capital gains tax, according to a survey released today by Eaton Vance Corp. of Boston.
Advisers have a huge opportunity to win business in the 403(b) arena, but they must act quickly, a retirement expert said at a panel on the subject at the Center for Due Diligence’sconference in Scottsdale, Ariz.
Let’s say you were a financial planner in 1926. Of course, there was no such discipline as financial planning in the Roaring ’20s.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
Major life insurance companies’ investments in non-prime mortgages are going to continue hurting their capital positions as the year rolls on, according to a study from Fitch Ratings Ltd.
The federal budget deficit for fiscal year 2008 was reported today at a record $455 billion by the Department of the Treasury.
The U.S. economy appears to be in a recession, San Francisco Federal Reserve Bank president Janet Yellen said yesterday, according to published reports.
The $1.9 trillion hedge fund industry has gone on the defensive following a recent statement by Italian finance minister Giulio Tremonti, who suggested a move to abolish the alternative-class investments in Italy.
AARP is collaborating with state securities regulators to monitor “free-lunch” seminars given by financial-product providers.
