First-quarter results will suffer from subprime-related trading losses.
Despite economic concerns, the central bank keeps interest rates unchanged.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
MSRB seeks comments on whether more information about municipals should be disclosed.
Warren Buffett has made an offer to three large municipal bond insurers to reinsure $800 billion in municipal bonds.
Regulators flooded Rep. Paul E. Kanjorski, D-Pa., with their and assessments of the ongoing municipal bond insurer debacle.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
When projects went into default or were failing, Heartland didn't accurately re-price the funds, the SEC said.
The fund, which is offered by the Franklin Templeton Fixed Income Group, seeks to generate income by investing in foreign fixed income markets.
Banks could be obliged to to set aside $143 billion in reserves if municipal bonds are downgraded, a report says.
Fears that stock-market panic may spread to the bond market led to a meeting between regulators and several large insurers of debt.
Treasury bill, note and bond issuance is expected to climb to $125 billion during the first quarter of this year.
William Galvin has requested a list of Massachusetts public-issuer bonds insured by the companies since January 2006.
Shares of bond insurers Ambac Financial Group Inc. and MBIA Inc. plunged on renewed concerns that the two companies are on the verge of losing their AAA credit ratings.
Shares of MBIA surged today after the bond insurer said that a private equity firm would inject up to $1 billion of fresh capital into the struggling company.
Mutual funds might be forced to sell off lower-quality issues that carry a high rating due to insurance.
Issuance of U.S. investment grade bonds is expected to reach $100 billion this month, according to Dealogic.
