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Kenneth D. Lewis sketched out his views on resolving the housing crisis in a speech Tuesday to the Detroit Economic Club.
At a hearing Tuesday, House Financial Services Committee members took turns criticizing Treasury Secretary Henry Paulson over his handling of the $700 billion bailout program.
The massive declines in the stock market have taken their toll on BlackRock, and for the first time in its two-decade history, the asset manager is expected to cut its workforce.
Cecelia "Cece" Sutton is at a crossroads between commercial and investment banking.
Perhaps the most surprising aspect of Citigroup Inc.'s announcement of job cuts Monday is not how deep they run but the fact that the company is willing to slash its foreign operations.
In a matter of hours Friday, four large insurance companies announced marriages with troubled thrift companies, and the Office of Thrift Supervision played the role of matchmaker.
Mortgage bankruptcy reform is officially reclaiming the congressional stage this week.
A structure for overseeing the financial services industry's bailout is coming together.
The Securities and Exchange Commission has charged Dallas Mavericks owner Mark Cuban with insider trading charges stemming from his sale of 600,000 shares of the search engine Mamma.com.
Prosecutors have indicted John B. Ohle III, a former member of a bank's tax shelter promotion group, on charges of conspiring with lawyers at the law firm of Jenkens & Gilchrist and others to defraud the U.S. Treasury.
The Securities and Exchange Commission has published its long-delayed roadmap for the transition to International Financial Reporting Standards.
Pointing to additional layoffs at Citigroup Inc. and several top Wall Street executives renouncing end-of-the-year bonuses, New York Gov. David Paterson yesterday said the Legislature must vote on $2 billion of budget cuts today to help balance the current fiscal plan.
Transportation projects may become increasingly funded by federal loans, a new crop of fees, and taxes, while private-sector financing may also need to become more inventive.
A school district would not be able to issue tax-exempt notes to finance temporary cash-flow shortfalls because of an endowment-like fund it set up with money it received from the settlement of litigation against the state.
Baby boomers are retiring at a dizzying pace, and since this group makes up a large part of the insurance workforce, many recent discussions and articles have tried to tackle the graying of the insurance industry.
Faced with redemptions and a bad year, hedge funds may turn on their prime brokers
Genworth Financial Inc. announced it has borrowed $930 million of the $1.7 billion available to the company under its two revolving credit facilities that mature in 2012.
American International Group Inc. is terminating 14 voluntary deferred compensation programs involving 5,600 employees and independent agents and representatives.
Charles Schwab announced this morning that the corporation was merging two divisions, Schwab Institutional and Schwab Corporate and Retirement Services, to create a single Institutional Services unit.
Learn how to build your business through the power of public relations and a focused brand in an exciting new AdvisorMax coaching session led by marketing expert Marie Swift.
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Use this interactive tool to see how the economy fared during the last 10 presidencies.
From bankruptcies to bailouts, the brokerage business changed overnight. Uncertainty and pain may give way to opportunity. But the question is: how soon?
After her shocking departure from mutual fund giant Fidelity last summer, Ellyn McColgan reappeared in April as president and chief operating officer of Morgan Stanley's global wealth management group. In an exclusive interview, McColgan discusses the challenges she has faced in the current market crisis and her plans for the future of the business.
10/15/08: It was a rainy day in the Windy City, and an abysmal day for the market, as the DJIA plunged more than 700 points. But despite their very busy schedules, women advisors came out to share their stories.
Promotion announcements and firm changes for advisors.
Our free podcasts for advisors provide information and advice from industry experts on a wide variety of topics. Listen now, or download now and listen at your convenience.
Reviews and discussions of today's best business books. Featuring two books a month, the OWS Book Club gives you access to the authors through online chats and podcasts.
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A look at the lighter side of financial news
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The best way to take care of your clients is to support your own staff. On a turbulent day in the market, like last Thursday, your clients and staff will interact. How can you prepare your team to deal with client stress?
The height of any market upswing or downward spiral is accompanied by headlines, but in a 24-hour news environment the financial media can become particularly suffocating for your clients. Clients who obsess over every new headline run the risk of losing sight of their long-term investment goals. Here are five ways to address the issue.
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