Whether out of necessity or a sense of opportunity, financial advisers are gearing up to attract clients in the midst of one of the worst bear markets on record.
Credit Suisse Securities has been ordered by an arbitration panel to cash out an institutional client that held $400 million in collateralized debt obligations.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
Executives at companies receiving federal assistance would face stiffer limits on bonuses and severance under the stimulus bill passed by the House today.
The House this afternoon approved by a vote of 246-183 a $787 billion stimulus bill in the hope that it will help the United States out of the economic crisis.
Consumer confidence has fallen, again.
The outlook for a quick rebound in the European economy is weak.
Clients funneled $12.1 billion of new assets to Charles Schwab in January, up 32% from December, but trading activity from its retail and advisory channels fell..
The rising rates of high-quality-corporate-bond yields are helping pension funds offset the impact of the stock market downturn.
Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.
After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.
The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.
Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.
Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
A stringent plan to regulate hedge funds that is backed by Obama administration aide Paul Volcker won the support today of an influential Democratic senator.
The Hartford (Conn.) Financial Services Group received approval from the Connecticut insurance commissioner to change accounting practices.
Amegy Bank NA of Houston, and its broker-dealer affiliate, Amegy Investments Inc., have filed an arbitration claim against Merrill Lynch & Co. Inc. of New York.
