Declining endowment values are leading many small family foundations to question their future.
President Obama was off-base to castigate the Chrysler secured debt holders who held out against the proposed deal to rescue Chrysler LLC.
The Securities and Exchange Commission will issue a rule proposal as early as this week that would lead to surprise audits of investment advisory firms that held custody of their clients' assets.
Disgraced financier and jailbird Bernard L. Madoff is about to get the big-screen treatment.
Most corporate financial officers think that financial reports are too confusing for the average investor, but in-depth disclosure about a firm's strategies and opportunities would be helpful, a new survey found.
Insurers are rolling out adjustments to their variable annuity products — this time with an air of caution.
The results of the Federal Reserve's examination of the nation's 19 largest banks don't adequately characterize the state of the financial industry, according to 75% of financial advisers responding to a question in an <i>InvestmentNews</i> poll.
Account openings at Fidelity Investments from registered investment advisers and their clients jumped 30% in the first quarter.
Two of the largest investment advisory firms in the San Francisco Bay Area — Salient Wealth Management LLC of San Rafael, Calif., and Friedman & Associates of Novato, Calif. — have merged.
President Obama has asked for $1 billion to create a new agency that will support the automatic individual retirement account proposal included in his 2010 budget.
American International Group Inc. reported a first-quarter loss of $4.35 billion, or $1.98 a diluted share, but the insurer’s results improved year-over-year.
America's wholesalers slashed inventories for a seventh straight month in March as businesses struggled to get stockpiles in line with plunging sales.
In a switch from the downturn of 2000, retail investors have actually increased their trading volume, a panel of analysts told participants at the annual meeting of the Financial Industry Regulatory Authority Inc. in Boston. Finra is based in that city and New York.
The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given all the economic uncertainties.
The Financial Industry Regulation Authority Inc. has reached an agreement with four brokerage firms to repurchase $554 million in auction rate securities from clients, and also pay a combined $850,000 in fines to settle charges that they misled investors by marketing these debt instruments as risk-free.
The government’s stress tests of banks have been shrugged off by the market, Bill Miller, chairman of Legg Mason Capital Management Inc., told the Investment Company Institute today.
European stocks extended their rally today and U.S. markets opened higher ahead of the formal release of the results for the U.S. government's stress tests of the country's biggest banks.
The European Central Bank cut its main interest rate by a quarter point to 1 percent Thursday and is poised to unveil more measures to help boost the 16-nation euro zone economy.
Nasdaq OMX Group Inc. said Thursday its first-quarter profit fell 22 percent compared with a year-ago quarter where it booked hefty gains on foreign currency contracts.
Consumers enticed by warmer weather and glimmers of hope for the economy bought a few more items in April, helping to lift sales results at established stores.
