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Corporate greed, moral hazard, lax oversight and foolhardy underwriting all contributed to the crisis in finance. Another factor, less useful for sloganeers but no less insidious, was the simple mispricing of risk.
December 21 -
The Securities and Exchange Commission is adjusting fees for some transactions as part of its requirement to keep collections stable.
December 18 -
Fidelity International has named Arne Lindman as president and CEO of its Asia Pacific operations.
December 18 -
Total assets of money market mutual funds continued their fall with a drop of $51.13 billion in the latest week to $3.269 trillion, according to the Investment Company Institute.
December 18 -
A growing number of employers are planning to incorporate annuities into their 401(k) plans as companies look for ways to provide workers with steady benefits in retirement, according to a survey by Watson Wyatt.
December 18 -
Regulators have agreed to delay plans to treat equity-indexed annuities like securities, but many bank-affiliated brokerages are already doing so.
December 18 -
The Securities and Exchange Commission has adopted rules that substantially increase protections for investors who turn their assets over to investment advisers, which hopefully will prevent another massive, Madoff-like Ponzi scheme.
December 17 -
State Street Global Advisors launched a short-term corporate bond exchange-traded fund.
December 17 -
Senate Finance Committee Chairman Max Baucus, D-Mont., dropped efforts to temporarily extend the estate tax at its current level in the face of Republican opposition.
December 17 -
Investors faced whopping losses as a result of the economic recession and the deep scars left by the financial insecurity of the past 18 months had most individuals investing in relatively safe bonds in 2009.
December 17