Legg Mason Inc. is considering reducing the 400 funds it offers and closing some of its 32 offices, said CFO Peter Nachtwey.
Guy Hands, founder of Terra Firma Capital Partners Ltd...
New Jersey’s public pension deficit swelled 13 percent to $47.2 billion in fiscal 2012 as the state continued to make partial contributions to its retirement plans.
Hedge funds are amassing record bets against the Canadian dollar on speculation the Bank of Canada will drop its bias toward raising interest rates, putting it in unison with the rest of the Group of...
European bond investors from Lazard Asset Management and Pioneer Investments recommend investing in Italian and Spanish government debt this year.
The Dow Jones Industrial Average rose to its highest level ever, erasing losses from the financial crisis after a four-year rally fueled by the fastest profit growth since the 1990s and monetary...
Citigroup Inc. executives stand to collect $579 million under profit-sharing plans that include the one shareholders voted against last year.
The main trade association for the securitization industry fell into turmoil last week when most of the board resigned in a dispute with the group’s executive director over governance and bonuses,...
Goldman Sachs Group Inc. and Citigroup Inc. stepped up warnings to shareholders about cyber attacks as the U.S. prodded banks and government agencies to bolster their defenses.
Top-earning gay couples who married in states where the law permits it may soon be paying more in income taxes as the U.S. Supreme Court considers the legality of same-sex unions.