Standard & Poor's of New York today revised upward its fund volatility ratings on 10 U.S. offshore and European fixed-income funds.
A money-market mutual fund that notoriously "broke the buck" has set aside a $3.5 billion reserve to cover litigation costs and damages.
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
An executive at an investment advisory firm who allegedly ran an adult escort business has been accused of pilfering $400,000 from his company's 401(k) plan.
Standard and Poor’s yesterday announced ratings downgrades for 10 major life insurers, including Genworth Financial Inc., Lincoln National Corp. and MetLife Inc.
The chief investment officer of Stanford Financial Group appeared in federal court Friday as details emerged showing the head of the firm borrowed $1.6 billion from.
A state judge issued a temporary restraining order against two Montana firms accused of bilking seniors out of millions of dollars in a securities fraud scheme.
Morgan Stanley is quietly hunting for a new top executive to run its investment management business, one of the world’s largest money management operations.
The utilities sector is no longer the slam dunk it once was when it comes to generating income for investors.
