WASHINGTON -- Rep. John Delaney, who spent a career in financial services before running for Congress, joined President Barack Obama on Monday in calling for tougher regulations on brokers who help people plan for retirement -- offering his endorsement of a plan that is unlikely to sit well with some on Wall Street.
By electing Syriza leader Alexis Tsipras to be premier, Greeks voted last week to end the draconian economic measures imposed by Germany and other international lenders. After the dust settles, German Chancellor Angela Merkel will either backpedal on the austerity imposed on Athens or accept Greece's exit from the euro.
Legg Mason plans to close a deal to restructure $650 million in debt this month, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
Maryland will receive $33 million from a nearly $1 billion joint state-federal settlement reached with SunTrust Mortgage Inc. over problems with its mortgage servicing and foreclosure procedures, Attorney General Douglas F. Gansler said Tuesday.
Baltimore money manager T. Rowe Price said Thursday that net income rose nearly 26 percent in the first three months of the year, compared with a year earlier, as revenue from investment advisory fees grew by more than $120 million.
A former Towson-based financial advisor for Signator Investors Inc. was found liable, along with the firm, for elderly clients' retirement losses, according to a Tuesday decision by arbitrators for a securities industry regulator.
The Dolan Co., owner of The Daily Record, has signaled financial distress by hiring a restructuring officer, deciding against paying a dividend for the last quarter and disclosing that it received a warning from the New York Stock Exchange over its low stock price.
Under growing pressure over recently disclosed surveillance programs, the head of the National Security Agency told lawmakers on Tuesday that gathering telephone data and monitoring Internet use has helped to disrupt more than 50 "potential terrorist events" since the attacks of Sept. 11, 2001.
Baltimore's two major fund companies have joined a small but growing number of investment firms offering ultra short-term bond funds, which may become an alternative to the traditional money market fund.
Once again, the government of Harford County, like many county and municipal governments around the state and nation, has perpetuated the practice of running a taxpayer-subsidized business banking system.
Wilde Lake High School senior Taylor Bruner has long had a penchant for money matters, and that insight has developed into a interest that may not only reap dividends after high school, but also helped her and three other like-minded students at Howard County's Applications and Research Lab capture a state finance competition.
Joseph A. Sullivan, who has served as interim leader of Legg Mason Inc. for more than four months, has been named CEO and president of the Baltimore-based money manager, the company announced this morning.