Ohio pension funds won class action certification over allegations of accounting fraud, among others; judge ends civil charges accusing BofA of misleading shareholders when it acquired Merrill Lynch.
The regulator seeks to help finance a shortfall in the Nortel UK pension plans.
New regulatory changes would permit Mexican pension funds to directly invest in individual stocks.
The $200 billion pension fund has stepped up its oversight on placement agents or pension-fund middlemen.
The US regulator's decision depends on whether the Financial Industry Regulatory Authority (FINRA) implements strict pay-to-play rules prohibiting activities by registered broker-dealers acting as placement agents.
Two Pension Funds Sue Morgan Stanley Over Compensation; Juniper Hit With $169 Million Backdating Settlement
The Security Police and Fire Professionals of America Retirement Fund & Central Laborers’ Pension Fund label Morgan Stanley's payouts as “unjust enrichment” for failing to administer its compensation plans in the best interests of the company and its shareholders; Juniper Networks to pay millions in backdating suit.
California Attorney General Edmund G. Brown Jr. says funds must divest from companies doing business in Iran.
Despite a predicted deficit of $1.6 trillion this year, Steve Peacher says policy makers in the US have sufficient time to deal with the triple-A rate cut issue.
Andrew Cuomo, New York attorney general, claims Bank of America, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price lied to shareholders about the acquisition of Merrill Lynch & Co.
The Chicago Public School Teachers’ Pension & Retirement Fund (CTPF) and the City of Atlanta Firefighters' Pension Plan filed the lawsuit over securities lending losses.
While utilities that have high emissions of carbon dioxide stand to lose, SWFs and pension funds look at legislation as an opportunity to gain.
A former investment officer at New Mexico’s pension fund for teachers says the governor’s administration is covering up bribery and kickbacks.
Citigroup and Goldman Sachs are among the 33 companies on the hot seat.
The proposal, if passed, likely would lead to the breakup of some of the nation’s largest banks.
Following the recovery in financial markets, Mexico’s pension fund companies more than doubled to a record net profit in 2009.