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The Securities and Exchange Commission said it effected an "emergency asset freeze" against a 'purported fund manager' based in the U.S. Virgin Islands.
June 29 -
As the buyer base for Build America Bonds continues to expand, Fitch Ratings has created a website so investors unfamiliar with the municipal market can visit a "one-stop shop" for all BAB-related research
June 29 -
The Supreme Court ruled against the Public Company Accounting Oversight Board in a 5-4 decision, finding that the way board members are appointed is unconstitutional.
June 29 -
Global assets under management rose 16.3% to $49 trillion last year from a year earlier, according to Cerulli Associates.
June 29 -
While some financial companies worry about the ramifications of the sweeping financial reform that is set to pass, asset managers appear safe, according to a report released Monday by Keefe Bruyette & Woods.
June 28 - Money Management Executive
Diligent Board Member Services, a small but targeted software company based in Manhattan's Silicon Alley and traded on the New Zealand Exchange, has developed software that allows mutual fund trustees to be nearly hands-, but certainly completely, paper-free.
June 28 -
- Money Management Executive
CHICAGO-The $787 billion debt overhang the federal government absorbed from the failed banking sector in the 2008 credit crisis will not come due until 2020, or perhaps later.
June 28 - Money Management Executive
Microsoft has succeeded in entrenching itself onto the desktops of Wall Street with its Internet browser, Microsoft Windows and Excel. Meanwhile, key customer relationship and database management powerhouses are left to the devices of Cisco, SunGard, SAS, IBM and others.
June 28 - Money Management Executive
NEW YORK-Final legislation to create a new systemic risk regulator in the U.S. has yet to be inked. But there was plenty of talk - and concern - at the Securities Industry and Financial Markets Association 2010 Financial Services Technology Expo here Wednesday.
June 28