Special Program Root Tag

Europe’s richest families are shifting their investments from traditional assets to hedge funds and commodities, according to a new report profiled by Reuters.

Sallie Mae has appointed John “Jack” Hewes as executive vice president and chief credit officer to oversee the company’s private student loan underwriting policies and its credit risk management.

As part of a settlement with New York Attorney General Andrew Cuomo, Fannie Mae and Freddie Mac will establish a home appraisal watchdog organization to help prevent fraud in valuing homes, Reuters reports.

As the stock and bond markets continue to take a beating, institutions, individuals and hedge funds have begun pumping dollars into commodity mutual funds and other investment vehicles based on commodities.

Wealthy wine and art lovers are buying up cases of Bordeaux and Picassos with the hope of offsetting the general market downturn, Reuters reports.

Financial companies should take precautions to protect themselves from fraud from within and without, but companies should be careful not to cross the line and start spying on employees.

Mortgage giant Fannie Mae has posted a $3.55 billion loss for the last quarter of 2007, blaming rising home loan defaults. It set aside $2 billion to cover other bad loans and warned the U.S. housing slump could get worse.

Brennan Names His Replacement at Vanguard, As McNabb Takes Helm

NICSA Names Hamacher as Weidlich's Replacement

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.

MIAMI-U.S. companies are retiring the idea of the traditional, defined benefit pension plan in favor of do-it-yourself IRAs and 401(k) plans.

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.

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.

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.

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."

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.

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.

One of the nation’s largest student loan operations announced this week that it will suspend making federal-guarantee loans starting next month, according to the New York Times.

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.

MIAMI – The National Investment Company Service Association has named Theresa Hamacher as its new president.