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The Bank of Commerce in Wood Dale, Ill., became the nation's 26th failed bank of the year late Friday.

Experts in white-collar crime said they would be surprised if at this point the government started rounding up bankers en masse to face criminal charges.

The special inspector general for Tarp will wrap up his two-year-plus tour on Wednesday, and he has nothing good to say about Treasury's implementation of the $700 billion bailout.

The year had started off so well.

The Financial Industry Regulatory Authority won’t force investment advisers to meet the same rules as broker-dealers, according to FINRA’s chairman and chief executive officer Richard Ketchum.

Making the right hires and using a firm-wide team approach to client service has helped Leonetti & Associates, a financial advisory firm in Buffalo Grove, Ill. grow and prosper, according to chief executive officer Michael Leonetti, who founded the firm in 1982.

High net worth investors are returning their money to the market and have put the painful memories of past financial shenanigans in the rearview mirror but they're more fickle than ever when it comes to sticking with their primary financial institution or their individual financial advisor.

A retired American Airlines pilot is set to recoup his retirement savings tied up since 2009 in non-public mortgage funds.

Uncertainty about fluctuating interest rates and rapidly spiraling healthcare costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.The survey, which polled 804 adults between 45 and 80 years of age, found that only 3% of retirees and 5% of those closing in on retirement have at least $1 million or more in savings and investments while a 18% and 6%, respectively, have less than $25,000 stashed away.

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

Despite heightened patches of political and economic instability around the globe in the first couple of months of 2011, many hedge funds of various strategies found ways to thrive, according to figures from Morningstar.

Uncertainty about fluctuating interest rates and rapidly spiraling health care costs were cited as the two largest fears of both retirees and pre-retirees, according to a new survey conducted by the Schaumberg, Ill.-based Society of Actuaries.

“Opinions are continuing to move in a positive direction,” said American Century's Jennifer Sussman. “Social media is being seen as a trend with future potential.”

ING announced Friday it hired Orlando R. Cruz as president of its individual retirement investor channel.

While half of U.S. banks are aware of the opportunity with mass affluent investors and are busy enhancing their online capabilities, the other half believe they distinguish themselves from the Charles Schwabs of the world with in-person advice.

Tax-exempt money market funds gained a bit, reversing last week’s losses by generating $137.8 million of new cash and pushing total net assets to $322.2 billion in the week ended March 21, according to the Money Fund Report, a service of iMoneyNet.com.

The OCC and Fincen issued a $7 million civil money penalty against Pacific National Bank of Miami for Bank Secrecy Act violations and failing to comply with a previous order.

Although bankers are likely to have significant concerns about the risk retention proposal due next week, they appear to have won at least one victory already.

If your clients are considering long-term-care insurance, you might steer them clear of the following typical mistakes.

The U.S. Attorney for southern Florida and the FBI on Thursday charged a one-time entrepreneurial whiz kid who already has spent time behind bars for fraud with manipulating the stock of a public company. Using, among Internet-related communication mechanisms, YouTube.