Hedge funds turned in better performance numbers for August than the major equity indexes did, and it's because they made the most of a general sell-off of risky assets on the broader equity and bond markets, according to a preliminary roundup by Morningstar.

The annuity industry, with its battered reputation, seemed to have found a powerful ally in President Obama's administration, when the Middle Class Task Force issued a report in January saying the executive branch would work to promote the availability of annuities and other forms of guaranteed income.

Trilogy, which had $12 billion of assets under management as of June 30, specializes in emerging- and global markets strategies.

From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.

Two House Democrats are asking the Pentagon for information about its contacts with Stephen Calk, CEO of a small Chicago bank that made $16 million in mortgages to President Trump's campaign manager.

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

COVID-19 has taken a great deal away from us in the past 12 months, but from a digital payments perspective, it has also opened the doors for new innovation and activity, says Cognizant Softvision's Karla Ch'ien.

People are reluctant to use physical point of sale terminals, putting biometrics in the middle of the contactless payment wave, says Fingerprints' Christian Fredrikson.

The ability to manage both domestic and international invoices through the same AP automation and workflow creates enormous operational advantages for finance teams and the line of business, says MineralTree's Nicolette Medina.