The tide has finally turned for prime money market mutual funds.
With the equity markets testing new bear-market lows as part of a five-month run that has seen the Standard & Poor's 500 stock index fall by 38%, it can be disorienting to discover a stock moving aggressively in the opposite direction.
The Charles Schwab Corp., concerned about liability related to hedge funds, is telling registered investment advisers that it will no longer accept custody of alternative assets.
Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena.
Seeking to assess the strength of the insurance carriers they do business with, many smaller independent broker-dealers — flummoxed by the insurers' opaque balance sheets and arcane accounting practices — are relying on a time-tested tool: their own observations.
Taking the grunt work and the guesswork out of retirement-account tax management could be right around the corner, assuming a new product from LifeYield LLC can live up to the hype building around it.
The Iowa insurance commissioner has eased accounting rules for 11 insurers based in the state, allowing them to polish up their balance sheets.
Commentators in Switzerland voiced their anger at the bank's business practices and what they saw as heavy-handed treatment by U.S. authorities.
While R. Allen Stanford's investors were swallowing claims of vast returns on safe investments, some of his employees weren't so sure.
Morningstar Inc. yesterday reported a 3.5% decline in fourth-quarter earnings and the launch of a series of cost-cutting measures.
