Few people like to be the first to arrive to a party. The same might be said for investors.
According to a recent report from Lipper, which tracks mutual fund data, investors yanked $6.4 billion out of U.S. large-cap equity funds in February. Interestingly, the last time investors added money to the category was back in [...]
So Bernie Madoff is guilty. He’s in jail, and it’s likely, following his scheduled June sentencing, he’ll stay there for the rest of his life. Unlike his victims (and the rest of us), the 70-year-old crook doesn’t have to worry about how he’ll spend his retirement, or whether he has enough money to support himself. [...]
We’ve said it before and we’ll say it again: Credit unions often offer some of the best deals in banking. But on Friday night, federal regulators seized two corporate credit unions with assets totaling $57 billion. So what does that mean for the sterling rep credit unions have managed to build?
The two institutions put into [...]
Do you remember the good old days, back before AIG exploded all over us in a flaming explosion of ineptitude, arrogance and greed? Back when AIG was a somewhat mysterious financial megacorp with a series of slick, smug ads, many of them starring annoyingly precocious children?
You don’t have to remember, because the ads are still [...]
Wall Street gave an initial thumb’s up to Treasury Secretary Tim Geithner’s plans to buy up billions of dollars in bad loan assets.
Bank stocks surged and the Dow rose nearly 500 points Monday, extending a two-week rally in stocks that’s brought the S&P 500 up nearly 20%. While it remains to be seen just how [...]
