News Feed

Two economists being vetted for slots on the Federal Reserve Board already have strong opinions on various financial services issues, including international capital rules and ways to reinvigorate the economy.

Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.

UBS on Tuesday said it will eliminate 3,500 jobs over the next two years in a cost-cutting move.

UBS on Tuesday said it will eliminate 3,500 jobs over the next two years in a cost-cutting move.

Investors regained their composure to kick off the trading week as the Dow Jones Industrial average moved up 37 points to close at 10,854.65.

First Allied’s move away from Advanced Equities Financial Corp., in a deal with Lovell Minnick Partners announced Monday, is well-timed good news, according to some industry insiders.

The equities analysts at Swiss-based UBS are taking an increasingly dim view of the U.S. and global economies and are suggesting that investors should be reducing their equity exposure from “overweight” to what they call a “neutral tactical stance” of stocks, bonds and cash.

Standard & Poor’s may be negative on equities markets these days, but its analysts are pretty high on utilities stocks and ETFs.

As if the stock market's wild vacillations in the past few weeks weren't evidence enough that few have a firm hold on the U.S. economy's near- and long-term outlook, Fannie Mae this week issued an analysis that says the likelihood of a dreaded double-dip recession is now a 50/50 proposition.