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.
The Charlotte, N.C.-based bank collected $483 million in annuity fees, or 0.06% of $782.8 billion in assets.
Christopher Poch will run the private trust group at the firm.
Leadership change reflects problems at the company due to subprime mortgages.
Academics pin the mortgage crisis on lenient lending criteria.
Disciplinary histories would be included in plain English brochures.
Cincinnati-based Gateway will retain its name and portfolio managers.
First-quarter results will suffer from subprime-related trading losses.
Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.
