Investment Service News

Bank of America Corp. has taken plenty of criticism over the past 12 months on many things that range from the bailout-backed takeover of Merrill Lynch & Co.

From Rolling Stone: Matt Taibbi's piece in Rolling Stone magazine's latest issue is creating a fair amount of buzz across the Internet.

Bank issued credits were as dependable as sunshine in Santa Fe until Lehman Brothers went down, and investors in Lehman debt got soaked, not to mention that a full-blown credit crisis was unleashed.

Steven Goldman is leaving his position as commissioner of banking and insurance to resume his private law career.

Aaron Weisinger, 26, surprises his girlfriend Erica Breder, 25, both of Walnut Creek, Calif., with a wedding proposal while visiting the crown of the Statue of Liberty in New York, Saturday July 4, 2009.

ATTEMPTS by the collapsed investment bank Lehman Brothers to shield itself from an array of lawsuits taken by aggrieved investors face a challenge from the corporate regulator.

A steady stream of weekenders drove up to the estate and took pictures or added their names to memorial poster boards.

Jul. 3--Thousands of investors bailed out on Legg Mason's Bill Miller last year as funds he manages plunged much further than the stock market overall.

Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.

Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression [...] What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain a ' an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in ...

Morgan Stanley may report a third straight loss because of accounting charges related to an improvement in the companya s own debt and the cost of repaying $10 billion in government bailout money.

Bankers at Goldman Sachs could be in line for record bonuses as compensation on Wall Street looks set to rebound in spite of problems in the wider economy.

Plans to bury Michael Jackson at Neverland have been cancelled. The singer's family were reportedly hoping to lay the star to rest at his beloved ranch but are now scrambling to find a new location amid fears it would be illegal to bury Michael at his former home.

Shareholders of Vanguard Group have rejected an activist proposal that would have required stronger screening of investments that may be linked to genocide.

Interview with David Tice of Federated Investors

Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation.

THE GREAT AMERICAN BUBBLE MACHINE From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression - and they're about to do it again By MATT TAIBBI Rolling Stone The first thing you need to know about Goldman Sachs is that it's everywhere.

The Securities Investor Protection Corporation has committed $231 million for 543 claims submitted by Bernard L. Madoff Investment Securities LLC investors, according to a statement released Wednesday by Irving Picard, the court-appointed trustee for the liquidation of BLMIS, and SIPC President Stephen Harbeck.

Yum Brands Inc. shares jumped 6 percent on Wednesday after a Goldman Sachs analyst upgraded the stock to "Buy" from "Neutral," based on a more positive outlook for the company's earning potential in the next year.

Boeing is planning to announce its intent to buy the 787 operations run by Vought Aircraft Industries in North Charleston, S.C. from the Carlyle Group , according to a report by FlightBlogger's Jon Ostrower, which cites unnamed sources.