Editorial Staff

Bank of America Merrill Lynch global research hired Michelle Meyer on the developed markets economics research team as senior U.S. economist.

Pessimists outweighed optimists on the prospects for the U.S. economy by a two-to-one margin among CPAs serving as C-suite executives, according to a new survey.

Life Insurance Corp. of India is in talks with at least two banks to set up the service.

Congressman Richard Neal, D-Mass., has introduced legislation that would allow companies to set up automatic payroll deposit Individual Retirement Accounts, or Auto IRAs, for workers who do not have access to employer-provided qualified pension plans.

The founder and principal manager of a bogus foreign exchange fund that effectively operated like a Ponzi scheme has been sentenced to nearly six years in prison on tax charges.

U.S. executives are expressing stronger optimism for improved business activity over the next 12 months compared to their European counterparts, according to a new poll by KPMG.

The Securities and Exchange Commission has accepted settlement offers from three former officers of New Century Financial Corp., the subprime lender that was one of the first to collapse at the start of the subprime mortgage crisis.

Nomura Holdings' earnings plunged 80% in its fiscal first-quarter as difficult conditions in financial markets caused its clients to trade less and postpone a number of deals. Japan’s largest brokerage said Friday its net income fell to $26.7 million yen for the April-June period from 11.42 billion yen a year earlier.

Rising tuition fees and the uncertain state of the economy are causing more people to put their own retirement savings ahead of their children’s college education.

KPMG LLP has acquired the supply chain advisory services practice of Grant Thornton LLP in order to expand its restructuring capabilities.

American International Group, the government supported insurance and financial services company, has agreed to pay $725 million to settle a securities class-action lawsuit with three Ohio public pension funds.

JPMorgan Chase on Wednesday named Jeff Urwin and Kevin Willsey new co-heads of investment banking for the United States and Canada, according to an internal memo obtained by IDD.

Broker pays $4.9 billion to acquire outsourcing consultancy Hewitt Associates.

The Securities and Exchange Commission has suspended a CPA who was the former senior treasury manager and assistant treasurer at Peregrine Systems, a California enterprise management software company that was charged in 2003 with massive financial fraud.

Prudential CEO to apologize to shareholders, while AIG board and CEO remain at odds.

The Governmental Accounting Standards Board has updated its standards for the reporting of certain financial instruments and external investment pools by government entities.

Mittelman joins the firm from Lime Brokerage, where she specialized in high volume strategies

The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.

The Securities and Exchange Commission Wednesday accused the former owner of Taylor Bean & Whitaker with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.

More than 7.3 million older Americans — one out of every five citizens over the age of 65 — already have been victimized by a financial swindle, according to a new survey.