Tax proposals from the Republican presidential candidates favor one group
Emerging-markets funds managed by Goldman Sachs Group Inc. and Franklin Resources Inc. were among the U.S.-registered mutual funds that fell the most in last week's commodities selloff.
Gold closed below its 200-day moving average today, signaling prices may drop to $1,400, according to Stifel Nicolaus & Co.
Investors last week pulled more money from money-market mutual funds than any week this year.
Investors add $1B to municipal bond funds in the week ending Dec. 7, the most since March 2010
The former chief executive officer of UBS AG's wealth-management unit in the U.K., didn't heed warning signs that risk controls in the division were ineffective before an unauthorized trading loss was discovered.
The U.S. Securities and Exchange Commission appealed a federal judge's decision to reject its proposed $285 million settlement with Citigroup Inc.
The face value of outstanding municipal bonds was $3.7 trillion at the end of September, compared with the previous figure of $2.9 trillion at the end of June, the Fed said.
Citigroup Inc.'s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn't been given enough facts to approve it.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
