Money Management Executive Latest News

WASHINGTON — The Congressional Budget Office Thursday upped the estimated cost of the Build America Bond program by $10 billion to $36 billion over 10 years in its new estimates on the fiscal 2010 budget deficit and economic outlook.

Middle class Americans are saving more for future health care costs, according to a survey.

As many as 31 states could see their pension plan assets dry up by 2030, this according to a new study from the Kellogg School of Management at Northwestern University.

The Financial Industry Regulatory Authority has fined HSBC Securities Inc. $375,000 for failing to provide retail clients with accurate information surrounding the sale of inverse floating rate collateralized mortgage obligations.

The Securities and Exchange Commission is slated to make a decision on whether it will update a roughly 30-year old set of proxy and investor shareholder rules at a meeting next Wednesday.

State Street Corporation said it was adding economic stress tests and investment performance heat maps to its risk analytics for institutional investors.

Bank of America Merrill Lynch is set to pay $2.5 million in restitution and fines after failing to provide discounts to customers on a certain type of redeemable security, the brokerage industry's primary regulator said on Wednesday.

mutual-fund-inflows

The Municipal Securities Rulemaking Board is seeking applicants for nine attorney, administrative, and technology positions, according to notices on its website.

Warren Buffett has found a technology firm he likes: Fiserv.