Practice

A software tools company and a maker of high-performance servers said they set a new record in the speed of pricing options contracts.

Although banks failed in their attempt to convince Congress to delay an interchange fee cap for debit cards, the financial services industry is not giving up, just changing venues.

Without admitting or denying the SEC’s charges, Wunderlich settled with the regulator for about $627,688 in penalties.

Even if they bite the bullet and stay on the job well past retirement age and late into their 70s, most Baby Boomers and the Gen-Xers who follow them will not have enough savings to cover their basic retirement expenses and out-of-pocket health costs.

TIAA-CREF has launched the TIAA-CREF Lifecycle 2055 Fund, a target-date fund aimed at those who are 18 to 22 years of age and destined to leave the workforce in or around 2055.

Rule changes brought on by the Dodd-Frank Wall Street Reform Act are expected to produce the most change in the way trading in contracts involving interest-rate commitments.

Banks appeared to be gaining the upper hand in their battle against retailers to delay pending interchange fee caps, but the fight was far from over.

A new report from MetLife this week suggests that financial advisors need to do a better job of educating their clients about the importance of managing their emotions as well as their spending and investing behavior during and close to retirement just as they did -- presumably -- when they were younger and saving up for their golden years.

A former employee pleaded guilty Monday in federal court to helping Bernie Madoff create false records for investors.

Bank of America Merrill Lynch has hired Morgan Stanley Smith Barney financial advisors Matt Burton and John Cate to its Carmel, Ind. office.