(NEW YORK)Six companies in the financial-services sector are being added to the Russell 1000 in this year's reconstitution of the large stock index, while 12 in the sector are being remo...READ MORE
(NEW YORK)Five companies in the financial-services sector are being added to the Russell 1000 in this year's reconstitution of the large stock index, while 12 in the sector are being rem...READ MORE
(BOSTON)First Marblehead Corp. sold $59.8 million in convertible preferred shares to affiliates of a Goldman Sachs investment unit. GS Capital Partners converted the preferred shares into ...READ MORE
(NEW YORK)First Marblehead Corp.'s stock leaped at the opening bell Thursday after a Friedman Billings Ramsey analyst who had been particularly bearish on the student loan service compan...READ MORE
(NEW YORK)First Marblehead Corp. shares fell sharply Friday after the student-loan services provider reported a quarterly loss, as the market for bundles of loans stayed frozen.READ MORE
(BOSTON)Student-loan services provider First Marblehead Corp. said Thursday it swung to a fiscal third-quarter loss as the company remained unable to complete a single securitization trans...READ MORE
(NEW YORK)Shares of student lenders rose Friday, a day after Congress gave final approval to legislation that would lift limits on federally subsidized student loans.READ MORE