One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
Advisers must distinguish between their ability to provide financial advice and the client’s need for legal counsel.
The number of new homes sold in March fell to a seasonally adjusted rate of 526,000, down 37% from last year.
Credit Suisse lost $2.1 billion for the first quarter, compared with a profit of $2.7 billion in same period in 2007.
The board of directors also announced a plan to repurchase up to $1.5 billion of the company's stock over the next two years.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
Bank of America Corp. reported a 77% decline in first-quarter earnings, to $1.21 billion, or $0.23 cents a share.
A small but growing number of advisers are turning to derivatives-based strategies to help manage increased levels of market risk.
Attention, registered investment advisers who keep assets at Bear Stearns: The big custodians are out to bag you.
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
The bank reported a 72% increase, led by gains from lending to investors and last year’s $18.3 billion merger with Mellon Financial.
The regulator wants to delay a rule that governs the review of deferred variable annuity sales.
Citigroup reported a loss of $5.1 billion, or $1.02 per share, for the first quarter, its second consecutive quarterly loss.
At Omaha, Neb.-based TD Ameritrade Holding Corp., first-quarter profits were up 35% to $187 million.
Confusing information used by financial services firms is leading many Americans to make investing mistakes.
A bill would create a federal office inside the Treasury to provide expertise on regulating the insurance industry.
The Conference Board's index of leading indicators perked up 0.1% in March, following five consecutive declines.
U.S. housing starts totaled 947,000 last month, representing a 36.5% drop from March 2007.
