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Latest Financial News

Morgan Stanley to curb veteran adviser recruiting

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Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier...

May 23

Bond market braces for impact of New York's free tuition plan

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Little known private colleges that are already struggling to grow their revenues are facing a new threat that could further weaken their finances and make borrowing harder: free...

May 23

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA's Watt

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The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing...

May 23

CFA exam to add artificial intelligence, 'big data' questions

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Students of investing will need to start cramming for a new subject: computer science.

May 23

Morgan Stanley shareholders approve executive compensation plan

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Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth...

May 22

Ahead of Exxon's annual meeting, climate activists gain ground

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Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global...

May 22

U.S. Labor Secretary says fiduciary rule to take effect on June 9

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The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday.

May 23

A.M. Best affirms AIG ratings after review, insurer's stock rises

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A.M. Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York-based insurer's ability to meet its...

May 23

Traders renew bets on U.S. rate increase in June

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U.S. interest rates futures fell on Friday, suggesting traders revived bets the Federal Reserve would raise interest rates in June as financial markets recovered from their sharp...

May 19

U.S. accuses Massachusetts hedge fund manager of fraud

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A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said.

May 22