Charles Schwab has sued Bank of America Corp., Citigroup Inc. and other banks. The reason? The brokerage claims they conspired to depress Libor rates by understating their borrowing costs. That, in turn, lowered the interest rates on short-term paper that Schwab mutual funds bought from the banks, the suit alleges.
Wealthy investors will shift more money into commodities, real estate and direct investments in private companies, a survey has found.
R. Allen Stanford, the indicted financier, dropped a lawsuit that accused attorneys with the U.S. Justice Department and Securities and Exchange Commission of “abusive” law enforcement.
Daniel E. Becerril II arrested Friday, slapped with four felony charges including murder.
World not going to fall apart, says BlackRock big; Treasuries a losing proposition
Sean Quinn, once Ireland's richest man, lost $1.3B on AIB bet
Managers recommending speculative-grade bonds after the debt declined 6.7% since the end of July.
Morgan Stanley Smith Barney's wealth-management arm is shunning risk despite rallying stocks and junk bonds
In the proposed 2013 budget released today, Obama reprised his call to cap deductions, including tax-exempt interest, for families earning more than $250,000 a year.
Some politicians who received money from alleged Ponzi-schemer R. Allen Stanford have thus far refused to return the cash, instead making charitable donations.
