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South Africa-based Old Mutual PLC which is better known in Europe, and in particular the U.K., hasn't exactly become a household name in the U.S. - yet. But the firm gets an "E" for effort.
March 3 -
After years on the back burner, the Securities and Exchange Commission's rule governing mutual fund marketing fees is in store for a "complete overhaul," according to commission chairman Christopher Cox.
March 3 -
A new study from Tiburon Strategic Advisors takes a broad look at consumer wealth, the pending baby boomer savings crisis and boomers' likely liquefaction of assets. Consumer Wealth, Liquefaction and the Retirement Income Challenge addresses the financial concerns and savings goals of consumers and consumer households in the U.S. today.
March 3 -
Freddie Mac said it will raise prices further and add underwriting restrictions for the mortgages it guarantees, because of "continued deterioration of credit quality and declining home values in most areas of the country."
March 3 -
In the debate over whether lenders are doing enough to stem the tide of foreclosures, there has been little in the way of comprehensive data on such efforts, but $2.2 trillion Citigroup Inc. has taken a step to shine some light in this area.
March 3 -
The Dow Jones industrials dropped more than 100 point immediately after the opening bell on Friday and continued to fall through out the day, ending down more than 300 points.
February 29 -
One of the nations largest student loan operations announced this week that it will suspend making federal-guarantee loans starting next month, according to the New York Times.
February 28 -
A rogue trader at MF Global Ltd. has racked up $141.5 million in losses by bypassing an entry-order system that should have blocked his efforts, according to the Associated Press.
February 28 -
MIAMI The National Investment Company Service Association has named Theresa Hamacher as its new president.
February 28 -
WASHINGTON House Financial Services Committee Chairman Barney Frank is preparing a $35 billion housing package that would expand the government's role in combating the sub-prime mortgage crisis.
February 27