At least one executive of a bank that is receiving federal bailout money stands to earn tens of millions of dollars if his company rebounds, according to a report released yesterday by The Corporate Library.
The Securities and Exchange Commission may soon take action against the broker-dealer subsidiary of The Reserve, the New York-based firm whose flagship $62 billion money market fund "broke the buck" in September.
Funds of hedge funds took it on the chin in 2008 — right along with the overall hedge fund industry, according to a survey released today.
Mutual fund liquidations this year are already nearly double what they were by this time in 2008.
Terms such as “fiduciary duty” and “suitability” contribute to investor confusion, and they should be replaced by a “universal standard of care” for brokers, says SIFMA.
Advisers need to bolster their sales efforts to snag new clients since most advisory firms’ sales are down 10% to 40%, one industry expert told advisers at the Financial Planning Association’s Business Solutions conference at the Chicago Westin.
Warning that economy will remain in dismal shape for “a while,” Blackstone Group Chief Executive Stephen Schwarzman urged people against buying real estate—even at seemingly depressed prices.
The median sales price of single-family homes tumbled 3.5% in January, from December, and 18.9% from a year ago, according to Integrated Asset Services LLC in Denver.
America's financial regulatory system must be overhauled to strengthen oversight of banks, mutual funds and large financial institutions, Federal Reserve Chairman Ben Bernanke said Tuesday.
Your wealthy client, age 72, has a sizable individual retirement account and is wondering whether to make charitable contributions from the IRA in 2009.
