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Touchstone Investments has launched the Touchstone Merger Arbitrage Fund, which will seek to achieve positive returns over the long-term, regardless of market conditions, by investing in companies involved in publicly announced mergers or other corporate reorganizations.

Compliance professionals don’t think the Dodd-Frank Wall Street Reform and Consumer Protection Act will lead to a significant increase in compliance spending this year and they expect more money will be allocated to technology rather than education and consulting, according to a new study conducted between March and April by National Regulatory Services (NRS).

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina and hit the turf that houses the data centers that make up Wall Street on Sunday.

Columbia Management has launched the Columbia Acorn Emerging Markets Fund and the Columbia Acorn European Fund, each of which will invest in companies with market caps of less than $5 billion.

JPMorgan Chase & Co. has agreed to pay $88.3 million to settle charges related to apparent violations of economic sanctions dating back to 2005.

Warren Buffett's $5 billion public vote of confidence in Bank of America, happily for him, does not require actual confidence. The terms of the legendary investor's deal, which grants Buffett's Berkshire Hathaway Inc. $5 billion in perpetual preferred stock and warrants to buy B of A stock at just over $7 a share, include no lockup period.

Compliance professionals don’t think the Dodd-Frank Wall Street Reform and Consumer Protection Act will lead to a significant increase in compliance spending this year and they expect more money will be allocated to technology rather than education and consulting, according to a new study conducted between March and April by National Regulatory Services (NRS).

The Dow Jones Industrial average lopped off 171 points to finish at 11,149.82 while the Nasdaq composite fell 48 points, or 2%, to close at 2,149.16.

Hurricane Irene is expected to make landfall Saturday in coastal North Carolina. The storm is shaping up to be the strongest to hit the East Coast in 20 years, and financial firms are scrambling to minimize the impact on their technology and operations. Here's what you and your firm need to know and do to prepare for Irene's wrath.

S&P equity research analysts say iconic founder Steve Jobs' resignation from an active management role at Apple isn't dissuading them from recommending the company's shares, but investors may still want to at least check their portfolios to see just how many Apple shares they actually own.

Columbia Management has launched the Columbia Acorn Emerging Markets Fund and the Columbia Acorn European Fund, each of which will invest in companies with market caps of less than $5 billion.

U.S. investors may be overly worried about the fate of the euro, and overly confident in the U.S. dollar.

Bank of America Corp. has received a vote of confidence from legendary investor Warren Buffett and sealed an agreement for his company, Berkshire Hathaway Inc., to inject $5 billion into the bank in a private offering.

Two-thirds of donors are cutting back on their charitable giving due to economic worries, a survey by non-profit consulting firm Dunham+Company found. Another 10% plan to cut back entirely until the economy gets back on track.

Slightly more than $1 billion flowed back into mutual funds that invest in U.S. stocks long-term, in the week ended Aug. 17.

Over the next 25 years, the U.S. economy will reinvent itself by returning to its agricultural roots. The big banks will stagnate in size. Banking as a whole will contract. Superregionals are coming back.

Steve Jobs' resignation as Apple Computer's chief executive may prove a mixed bag -- but a critically important one -- for banks.

A former Morgan Stanley Dean Witter stockbroker was sentenced this week to almost five years in prison and ordered to pay his former employer $1.5 million in restitution in connection with fraud charges.

A former Morgan Stanley Dean Witter stockbroker was sentenced this week to almost five years in prison and ordered to pay his former employer $1.5 million in restitution in connection with fraud charges.