| May 24, 2014
| 2:39 AM
| May 21, 2014
| 4:55 PM
Neel Kashkari's career has taken him from engineering to investment banking to managing the federal government's $700-billion bailout of Wall Street, overseeing stock funds and running for governor — all by age 40.
What others might view as a...
| May 27, 2014
| 12:16 PM
Bank of America Corp. told stockholders that it has corrected errors in an annual stress test overseen by the Federal Reserve, saying the changes had almost no effect on its financial strength rating.
The news on Tuesday sent Bank of America shares...
| May 13, 2014
| 5:16 PM
Traders may have made up to $256 million in illicit profit by getting early word of the Federal Reserve’s decisions to loosen or tighten the money supply, according to researchers at Singapore Management University.
The researchers cited “...
| Apr 28, 2014
| 2:13 PM
The Hartford Financial Services Group announced Monday its plans to sell the company's Japan annuity business to Orix Life Insurance Corp. for an estimated capital benefit of $1.4 billion.
The divestiture has been anticipated for about a year as The...
| Apr 28, 2014
| 3:30 PM
"I left one group of bad actors for another group of bad actors," former senator turned MPAA chairman and CEO Chris Dodd joked Monday at the Milken Global Conference, referring to his transition from public office to Hollywood.
He was part of the...
| Apr 30, 2014
| 3:06 PM
MetLife, the nation's largest life insurer, reported higher earnings on gains from derivatives despite a loss from a legal settlement with insurance regulators in New York.
Net income for the first quarter was up 36 percent to $1.3 billion, or $1.14...
| May 1, 2014
| 2:38 PM
SS&C Technologies Holdings Inc. of Windsor reported record quarterly revenue Thursday after financial markets closed.
Quarterly net income was $26.5 million, or 30 cents per share, compared with $21.4 million, or 26 cents per share, during the same...
| Feb 4, 2014
| 7:14 AM
A top Federal Reserve official expects the central bank to continue reducing a key stimulus program even though he sees more modest growth this year than many analysts have projected.
Jeffrey Lacker, president of the Federal Reserve Bank of Richmond,...
| Jan 28, 2014
| 12:14 PM
Call it the John-Boy Effect: The millennial generation is the most financially conservative since the Great Depression, according to a new study.
The trauma of the global financial crisis in 2008 and the dot-com meltdown eight years earlier have...
| Mar 10, 2014
| 8:00 AM
Bad weather is largely responsible for some recent weak economic data and should not lead the Federal Reserve to stop reducing a key stimulus program, a top central bank official said Monday.
Instead, with economic growth still forecast to pick up...