Bloomberg

Bloomberg
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LIFE INSURANCE AND ANNUITIES JUL 24, 2008
Insurer fined $20M for lax practices

HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.

RIA NEWS JUL 24, 2008
Texas files action against UBS

UBS could be parially suspended from operating until those who purchased ARS from the firm are reimbursed.

REGULATION, LEGAL & COMPLIANCE JUL 24, 2008
Congress passes sweeping housing bill

The bill would provide $300 billion in funding to troubled homeowners and aid the ailing Fannie Mae and Freddie Mac.

RIA NEWS JUL 23, 2008
WaMu, E*Trade, AMG and Raymond James

E*Trade Financial reported a second-quarter earnings loss of $94.6 million compared to a net income gain of $159.1 million a year ago.

RIA NEWS JUL 23, 2008
Report: Cuomo set to charge UBS with fraud

This could be the first of several cases arising from an investigation into the auction rate securities market.

EMERGING MARKETS JUL 23, 2008
Global institutional investors take heart

Confidence among global institutional investors rose this month, but was weak on the home front, according to a survey.

WOMEN ADVISOR COMMUNITY JUL 23, 2008
Study: Women fear retirement more than men

They have reason to be nervous: Women work 12 fewer years than men on average and have less put away for retirement.

LIFE INSURANCE AND ANNUITIES JUL 23, 2008
NYLI launches five-year fixed annuity

The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.

RIA NEWS JUL 22, 2008
Wachovia, Fifth Third, CME

Wachovia reported a second-quarter loss of $8.9 billion, or $4.20 per share, while slashing its dividend by 87%.

ETFS JUL 22, 2008
State Street spins new SPDRs

The 10 international-sector SPDR ETFs are use as benchmarks a series of the S&P World ex-U.S. broad market indexes.