Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.
Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
A growing number of businesses are finding that they can do well by doing good.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
Global mutual funds that invest in domestic and overseas stocks are the flavor of the moment, and several well-respected asset managers intend to launch such funds in the coming weeks.
