Some firms say that lucrative commissions paid only for favorable results is a “system that invites corruption,” yet others say placement agents play a useful role.
The China Investment Corp (CIC) has cut the amount of new funding its requesting from the government in half.
Standard & Poor's, Moody's win dismissal of a suit that involved the sale of more than $60 billion in mortgage-backed securities.
The Financial Industry Regulatory Authority (FINRA) is ready to act on rules to be in place this year.
Timothy P. Cahill's tarnished reputation may be a result of misunderstanding and attempts of political influence.
The Department of Justice is scanning investment transactions of public pensions.
While the scope of financial regulation varies from Europe to America, electoral politics seem likely to shape eventual market changes after the Great Recession.
Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.
The former chief political adviser to ex-New York state Comptroller Alan Hevesi said the indictment against him should be dismissed.
The judge ruled that like many other financial institutions, the bank failed to forecast the meltdown that led to record losses.
Treasury Secretary Geithner claims the EU law, formed to regulate alternative investment vehicles, would negatively impact US fund managers and banks.
A pension fund for an electrical workers' union filed a lawsuit against the bank in a Delaware court.
As the FDIC seeks cash, pension funds may be asked to help foot the bill to rescue the banking system.
Proposed changes to international accounting standards may increase reported pension costs and remove incentives to hold “risky” assets.
The federal probe clears Florida’s money managers of wrongdoing, without enforcement action recommended.