Wealth management

The House passed the legislative package, which includes an excise tax on stock buybacks, in a 220-207 vote.

Older bank-owned loans, part of the Federal Family Education Loan Program, are repackaged into bonds that trade in the asset-backed securities market.

The funds have relatively small exposure, but unwinding such assets is complex and could mean losses as they are trading at deep discounts and liquidity is scarce.

Pension funding versus liabilities was close to 100% at the end of 2021, for the first time since the financial crisis, according to investment advisory firm Milliman.

The company reached an agreement with 39 states to pay $1.85 billion to resolve claims that it had used predatory lending practices.

In no other industry would a debt-financed investment that's the equivalent of going to medical school be considered the same as a film-studies degree.

The survey results signal a greater willingness on the part of portfolio managers to carry or add additional credit risk to their portfolios.

The board member says documents have been withheld amid a federal investigation, intensifying the imbroglio at the state school employees’ retirement plan.

Deals, trends and research in structured finance and asset-backed securities for the week of March 19-25

The Athene acquisition completes a process that Rowan – who succeeds Black as CEO no later than July – started in 2009, when he created the annuity business so that it would send vast sums of cash to Apollo for investments