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The Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission and New York Attorney General Andrew Cuomo are looking into possible irregularities in auction rate securities (ARS).There were reports at deadline,...

A number of news events in the past week alone indicate without question the U.S. economy is at a dangerous inflection point, but so far, no one-no economist, analyst, fund manager, regulator, legistator, president or CEO-is willing...

Envestnet Snags Ibbotson's Henkel for Retirement GroupMike Henkel, the former president of Ibbotson Associates, has joined Envestnet as managing director of the firm's new retirement services group. Henkel has more than ## years of...

State Street Corp.'s top executive said that the Boston company plans to focus on adding customers, developing business and products through its investment management arm, and expanding internationally, and that he remains cautiously...

Merrill to Lay Off #,###, GE Earnings SlumpStandard & Poor's said the potential bill to U.S. taxpayers for bailing out Wall Street firms could grow to $### billion. If Fannie Mae and Freddie Mac are included, the bill could soar by...

Mutual fund managers invested in securities with any type of credit exposure will want to know that sister publication Asset Securitization Report has learned that another major wave of $#.# billion-to perhaps as high as $# billion-in...

John Paulson, founder of the hedge fund Paulson & Company, made an unprecedented $#.# billion last year by betting against subprime mortgages and the financial products that held them.Paulson took the top place in Institutional Investor's...

JPMorgan Securities and RBS Greenwich Capital priced a $### million deal for repeat issuer American Water last week, sources said. The deal priced in a ##-year bullet at ### basis points over Treasurys, and a ##-year bullet at ### basis...

Agents Wachovia and Goldman Sachs, rarely seen in the private placement market, have launched a deal for utility company American Transmission, according to market sources.The $### million deal was launched last week and is set for...

Banc of America Securities launched a deal for California-based medical service provider Catholic Healthcare West last week, sources said.The company was in the private placement market looking for $### million. Banc of America Securities...

Banc of America Securities priced an upsized deal for food and beverage distribution company Reyes Holdings LLC, market sources said.The deal, originally launched at a size between $## million and $### million, was upsized to $### million....

NEW YORK-Some large industry players saw another round of mortgage-related writedowns numbering in the billions of dollars last week. Merrill Lynch had taken the biggest known first-quarter net mortgage-related writedown/valuation adjustment...

Wachovia's $## billion purchase of Golden West in May of #### seemed like a perfect match at the time. Wachovia inherited a strong branch network and mortgage presence in the coveted California market, both big pluses for an East Coast-based...

JPMorgan Chase & Co. here generated net income of $#.# billion, or $#.## per share, for the first quarter, down ##% from net income of $#.# billion, or $#.## per share, one year prior. The company's results, according to a research...

Washington Mutual here, the nation's sixth largest originator, funded just $##.## billion of home loans in the first quarter, a stunning ##% decline from the same period last year. The thrift said it experienced a significant falloff...

Chase Home Finance here, the second largest funder of HELOCs in the nation, will no longer originate second liens in Nevada if the combined loan-to-value ratio is above ##%. The move, confirmed by the company to this newspaper, was...

MGIC Investment Corp. here had a net loss of $##.# million, or -$#.## per share, for the first quarter of ####, compared with net income of $##.# million, or $#.## per share, for the same period one year ago. Curt S. Culver, chairman...

Bear Stearns said in a filing last week that it was able to generate a $### million net profit in the quarter ending Feb. ##, prior to a troubled period in which liquidity woes forced it into a Federal Reserve-assisted plan to merge...

Industry groups are using Hope Now servicing data to fend off legislation that would shield servicers from investor lawsuits and give them a freer hand in making loan modifications to avoid foreclosures. The legislation would provide...