Fannie Mae said Tuesday that it has been notified by the New York Stock Exchange that its shares are likely to be delisted for failing to meet price criteria.
Senate Democratic leaders yesterday unveiled a $100 billion economic recovery package that would provide $13.5 billion for infrastructure projects and more than $1.5 billion for housing programs.
Lawmakers engaged in a bipartisan pummeling Tuesday of Treasury Secretary Henry Paulson, sharply criticizing him for refusing to create a loan modification program and reversing course on purchasing illiquid assets.
Executive directors at Barclays Plc have agreed to forego their 2008 bonuses, the latest financial giant to see its top managers waive their bonuses in a year that will be remembered as one of the worst for the industry.
Wells Fargo awarded just one position on its 12-member management team to Wachovia and announced that several Wachovia executives will leave after Wells' deal to buy Wachovia closes next month.
Other fund companies are cutting staff to reduce expenses, Putnam's Robert Reynolds said, but he is doing so to eliminate redundancies and improve performance.
State and local governments may already be feeling the budgetary pinch due to the economic downturn, but the worst is yet to come, according to the Rockefeller Institute of Government.
The top cop in the Department of Housing and Urban Development says he thinks those responsible for the mortgage market meltdown should serve time in a federal penitentiary.
Morgan Keegan & Co. yesterday said it has added nine new municipal professionals in the Northeast region, joining the list of firms that continue to expand in the muni market as disruptions hit larger Wall Street banks.
In a new 60-minute web seminar, learn how to get your practice back on track. AdvisorMax coach Katherine Vessenes will give you the business-building tools you'll need to take advantage of the down market.
"It's amazing how career paths and opportunities have changed—just in the last six years." What does the next generation of planners need to learn about the reality of practice today? In this economic climate, are firms easing up on hiring? A roundtable discussion of career transitions—and opportunities—in a crisis economy.
Sign-up for Financial-Planning.com today and take advantage of our exclusive member-only features. Free site registration entitles you to:
Use this interactive tool to see how the economy fared during the last 10 presidencies.
An interactive tool comparing executive compensation: Pay packages for S&P 500 executives for 2006 and 2007.
The financial industry is in crisis and the markets are on a roller coaster. What lies ahead? What can you do? Industry leaders and top practitioners share their views.
Do your clients' retirement accounts at banks exceed the federal insurance limits?
The air was brisk and the environment friendly as 720 members of the financial services industry traveled from several countries to gather in the high mountains of Whistler, B.C., to discuss the future of the socially responsible investing industry.
One thing that is certain when it comes to tax rules is that they are uncertain and always subject to change. Tax and retirement planning expert Ed Slott answers reader questions.
Promotion announcements and firm changes for advisors.
10/15/08: It was a rainy day in the Windy City, and an abysmal day for the market, as the DJIA plunged more than 700 points. But despite their very busy schedules, women advisors came out to share their stories.
A debate on Vanguard's policy change requiring customers to use identical beneficiaries for all IRAs of the same type. A customer affected by this change lodges a complaint, a Vanguard spokesperson addresses this issue, and the FP readers weigh in. Join the conversation!
News and information about annuities
News and information about exchange traded funds
News, strategies and advice for advisors on practice management issues
News and information related to real estate and real estate investment trusts
News and information for registered independent advisors
News and information about socially responsible investment portfolio options
Trust management news and information for advisors
A look at the lighter side of financial news
Click on the stock symbols for updated details.
The best way to take care of your clients is to support your own staff. On a turbulent day in the market, like last Thursday, your clients and staff will interact. How can you prepare your team to deal with client stress?
The height of any market upswing or downward spiral is accompanied by headlines, but in a 24-hour news environment the financial media can become particularly suffocating for your clients. Clients who obsess over every new headline run the risk of losing sight of their long-term investment goals. Here are five ways to address the issue.
Marketplace