The wife of accused swindler Bernard Madoff withdrew $15.5 million from a brokerage account in the weeks before he was arrested.
After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.
Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.
Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.
Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.
A brutal 2008 will mean that a majority of Asian hedge funds will not charge performance fees, according to published reports.
Shareholder activism is likely to surge this spring through efforts to withhold votes for individual directors, seek more investor input on executive and other efforts.
To protect consumers against fraud associated with the current economic crisis, the FBI has increased its investigation into corporate financial crimes.
The Hartford (Conn.) Financial Services Group received approval from the Connecticut insurance commissioner to change accounting practices.
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
