Bloomberg

It will take investors two to five years to recover from the losses that they have endured in the past year in their 401(k) plans, one industry expert said.

Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.

Retirement accounts have taken a huge hit since the markets tanked, but they were already in trouble because most consumers weren’t saving enough even when times were good, according to one industry leader.

A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.

Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.

Bernard Madoff began to face the music today.

Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.

SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.

The hedge-fund-of-funds sector in Europe may lose three-quarters of its assets, compared with the beginning of 2008.