Practice

What’s hot and what’s not in proposed financial services reform legislation.

Sun Life Financial is announcing the new Sun Life Rising Star Awards program, through will it will provide more than $1 million in grants, scholarships and financial education to thousands of at-risk youth and the non-profit organizations that work on their behalf. The program recognizes high school students who are committed to furthering their education.

The Great Recession has prompted an overwhelming majority of American workers to believe it’s time for a new and improved model for workplace retirement programs, Prudential Financial found in a survey.

The ETF Council, a new trade organization for exchange-traded funds that will focus on both marketing and lobbying, is set to launch next month.

Reserve Funds’ Primary Fund on Friday will make its sixth payment to investors. The $3.4 billion payment brings total payments to $50.5 billion, or approximately 99% of the fund’s assets as of Sept. 15, 2008, excluding the value of the Lehman Brothers securities it held, now valued at zero. Before the fund’s net asset value fell below $1.00 on Sept. 16, 2008, the fund held more than $60 billion.

As personal financial management software gains traction at banks, vendors are starting to tinker with its long-established formula.

WASHINGTON — Treasury Secretary Tim Geithner used a hearing on the bailout of American International Group Wednesday to repeatedly endorse President Obama's plan to impose a 15 basis-point tax on large banks and restrict their growth and activities.

WASHINGTON — Though there is growing concern that interest rate increases will catch banks off guard, regulators are split on how big the threat is.

Will the proposed “Volcker Plan” really hurt large companies as much as feared?

The team brings a decade of UBS experience.