American International Group (AIG), which has three broker/dealer subsidiaries, is looking for ways to unload business units in a quest to pay back the federal government.
Plaintiffs in a January 2005 stock-drop and excessive fee case have won two legal skirmishes with a federal judge’s rulings certifying the case as a class action and...
Wilmington Trust announced on Friday that the Board of Trustees of its mutual fund family, the Wilmington Funds, authorized participation in the U.S. Treasury Department’s new Temporary Money...
National Investment Managers (NIVM)., a retirement plan administration and investment management company, closed on the acquisition of Pension Technical Services, a third-party administrator (TPA).
A federal judge in New Jersey said a participant lawsuit against Schering-Plough Corp. over employee company stock investments can be pursued as a class action.
The Boards of Directors/Trustees for the UBS U.S. Money Market Funds have approved the funds’ participation in the U.S. Treasury’s Temporary Guarantee Program.
The owner of a Columbus, Ohio, company has pleaded guilty to not filing financial reports for the company's 401(k) plan as required by the Employee Retirement Income Security...
Bank of America announced that John Thain, chairman and CEO of Merrill Lynch, will become president of Global Banking, Securities, and Wealth Management in the merged company.