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Two Republican congressional leaders have written to Internal Revenue Service Commissioner Doug Shulman demanding information on how the IRS is spending $1 billion in funds the agency received under the health care reform law.

Each firm’s respective products will continue under their own brand names.

A House Ways and Means Committee panel plans to hold a hearing next Thursday on a bill that would prohibit state and local governments from issuing tax-exempt bonds unless they meet certain pension disclosure requirements.

In what marks the largest outflow activity so far this year, tax-exempt money market funds lost a hefty $5.17 billion and total net assets fell to $306.93 billion for the week ended April 25, according to the Money Fund Report, a service of iMoneyNet.com.

For banks looking to sell nonperforming assets, pricing realities are not ideal. But they have become increasingly tolerable.

Banks and several large technology companies, including Apple Inc. and Microsoft Corp., argue that because the Fed's proposed 12-cent interchange fee cap does not properly take into account the costs of fraud and fraud prevention, banks will inevitably have less money to protect data security, making the entire system less safe.

If you had an extra 100 hours each year (two extra hours a week) how would you spend it?

When Lyle LaMothe said on March 3 that he would step down from his post as head Bank of America Merrill Lynch’s U.S. wealth management business, industry speculation immediately set into motion regarding his replacement. And then the wait began.

BNY Mellon announced Thursday it has agreed to buy Chicago-based Talon Asset Management' s wealth management operations, which have more than $800 million in assets under management.