The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
Assets in managed accounts grew by 20.1% last year, hitting $1.49 trillion, according to the Money Management Institute.
At campaign stops, Sen. Hillary Clinton argued that hedge fund executives shouldn't be immune from certain taxes.
The all-in-one rider provides an income step-up to 200% of the initial guaranteed amount 10 years into the policy.
The French bank posted a $4.93 billion loss compared to a $1.7 billion profit in the year-ago period.
Eaton Vance Corp. and Deutsche Borse AG both reported impressive earnings growth in financial reports issued today.
Warren Buffett faced is facing criticism after Moody’s Investors Service — in which he is the largest stakeholder —told bond insurers to accept a bailout.
The consumer price index increased 0.4% in January, fueled in large part by rising food and beverage prices.
FBR booked a net loss of $27.8 million compared with a net loss of $7 million in the year-ago period.
