While many parts of the mutual fund industry seem to have recovered, closed-end funds still face troubles that range from increased competition to the lingering effects of the 2008 crisis.

Carlyle Group is set to raise $950 million for investments in South America as the U.S. buyout firm assembles its first private-equity fund dedicated to the region, a person with direct knowledge of the plan said.

Workers would be limited in tapping 401(k) retirement plans for loans under legislation two senators plan to introduce that is designed to counter the erosion of retirement assets.

The consolidation of the two companies' securitization platforms into a single bond market became official on Monday.

The head of Fannie Mae and Freddie Mac’s regulator blamed “burdensome” local regulations for a lack of housing supply, and also provided an update on the administration’s plan for GSE reform.

Credit unions often tout their member-friendly nature but recent coverage of how the movement handled taxi medallion loans could open the industry up to a reputational hit.

If a $6.3 billion subsidy only generates a $304 million return in terms of housing and community development support, is that money well spent?

A divided Washington needs to come together on an issue of importance to all Americans: improving access to cutting-edge consumer financial services products.

Banks that offer a wide array of products and services are confronting extraordinary challenges. They aren't doomed, however.