Sue Asci
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Boston Bureau Reporter at Investment News. Connect with her on LinkedIn.
Investments that adhere to Islamic law have at least one advantage at the moment: hey restrict the use of leverage, according to a report from State Street Corp.
Bigger banks will pay more to help restore the Federal Deposit Insurance Corp.’s deposit insurance fund in the future, after the agency’s board voted 4-1 today to adopt a new system of special fees that will shift more of the burden onto those banks.
In what advisers say is a flight to safety and returns, municipal bond funds attracted more than $20 billion in new cash from January through May 13, according to the Washington-based Investment Company Institute.
A bill to defer taxation on dividends that are reinvested in mutual funds has received support from the Investment Company Institute.
Signaling greater stability in the credit markets, most of the major fund complexes offering Treasury money market mutial funds have discontinued their participation in the federal guarantee program on those funds.
The battered economy will begin a slow upward climb after the recession bottoms out in the fourth quarter of 2009, predicted Mark Zandi, senior economist at Moody’s Economy.com.
Fidelity Investments of Boston announced today the appointment of Jacques P. Perold to the newly created position of chief operating officer for its asset management business.
John Hancock Financial Services Inc. announced today that James R. Boyle has been named president, directing all phases of the firm’s operations.
Rule amendments proposed yesterday by the Securities and Exchange Commission to give shareholders the right to nominate corporate directors are riling CEOs.
While consumers are cutting back on spending, they are not reducing their debt, making a debt-free retirement that much more elusive, according to a survey released today by Securian Financial Group Inc. of St. Paul, Minn.
