The U.S. Supreme Court bolstered the authority of federal administrative agencies, upholding Federal Communications Commission deadlines for local zoning authorities considering applications for new wireless facilities.
Guggenheim Partners LLC and Apollo Global Management LLC are among firms subpoenaed by New York’s financial watchdog in a probe of risk tied to investment-company ownership of insurers, said a person familiar with the inquiry.
Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal.
Hedge funds led by Paulson & Co. and Maverick Capital are piling into mortgage insurers in a bet that some of the companies worst hit by the U.S. housing crash will be among the biggest winners in the rebound.
Babson Capital, a debt manager with more than $180 billion in assets, raised $5 billion to invest in high-yield bonds and leveraged loans in the past 12 months amid increased confidence Europe will recover from its debt crisis.
An independent Scotland would have a banking system too big to save in a crisis and may lack the resources to compensate depositors, the Treasury said in a study into the economic implications of a U.K. breakup.
Wells Fargo & Co., citing “new facts,” asked a judge to revoke the class-action status he bestowed on a suit by institutional investors who claimed the bank marketed a risky securities-lending program as safe.
Swiss insurers, including Zurich Insurance Group AG and Swiss Life Holding AG, may lobby the government to sell more long-term bonds as new solvency rules force them to match life insurance liabilities.
Morgan Stanley was sued by a Birmingham, Alabama, medical center over claims the bank received improper payments from ING Life Insurance and Annuity Co. in exchange for referral of retirement-investment business.
Here's an idea you should run, not walk, away from: selling your pension to third-parties in exchange for a cash advance. These schemes are cropping up more and more lately, so much so that Finra, the self-regulator of the brokerage industry, and the Securities and Exchange Commission and a few state regulators, including those in New York and Massachusetts, have issued alerts about them.