The European Central Bank has lowered its benchmark interest rate to a record low of 1.25 percent as it tackles the economic downturn plaguing the 16 countries that use the euro.
Bank stocks retreated today amid fresh concerns that financial firms will need additional capital to weather the ongoing credit crisis and recession.
The official in charge of the Treasury's $700 billion bailout program for the financial sector warns Congress that the government should not force banks to make loans that bankers may deem risky.
The World Series champion Phillies are relieving one of their pitchers, whose cash is frozen in the wake of the alleged $8 billion fraud committed by R. Allen Stanford.
The new combination provides an “unmatched global platform,” the firms said, with $1.7 trillion in client assets and more than 20,000 reps.
What do you say to clients when their recent investment experiences have been traumatic and the outlook is uncertain, at best, and frightening at worst?
As December winds down, now is the perfect time to reflect on what you might have done differently in your practice since the financial world began unraveling earlier this year.
Your business is critical, but it’s not the entirety of your life. What’s important to you? What do you want to accomplish? Since you can’t do everything, what are things would you most like to do?
Building-permit authorizations in October fell 12% from September to 708,000 —the biggest drop in 26 years, according to the Department of Commerce.
Zurich-based Credit Suisse Group reported a third-quarter loss of 1.26 billion Swiss francs ($1.08 billion), compared with a profit of 1.3 billion francs in the year-ago period.
