Bloomberg

Bloomberg
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RIA NEWS FEB 20, 2008
Prices headed north in January

The consumer price index increased 0.4% in January, fueled in large part by rising food and beverage prices.

RIA NEWS FEB 20, 2008
Friedman Billings Ramsey

FBR booked a net loss of $27.8 million compared with a net loss of $7 million in the year-ago period.

LIFE INSURANCE AND ANNUITIES FEB 20, 2008
Wachovia tops in annuity-sales commissions

The Charlotte, N.C.-based bank collected $483 million in annuity fees, or 0.06% of $782.8 billion in assets.

WIREHOUSES FEB 19, 2008
LPL recruits another exec from a rival

Christopher Poch will run the private trust group at the firm.

FIXED INCOME FEB 19, 2008
MBIA replaces CEO

Leadership change reflects problems at the company due to subprime mortgages.

FIXED INCOME FEB 19, 2008
Study: Lax standards caused mortgage woes

Academics pin the mortgage crisis on lenient lending criteria.

REGULATION, LEGAL & COMPLIANCE FEB 19, 2008
SEC proposes improved disclosure

Disciplinary histories would be included in plain English brochures.

MUTUAL FUNDS FEB 19, 2008
Natixis Global acquires Gateway Investments

Cincinnati-based Gateway will retain its name and portfolio managers.

FIXED INCOME FEB 19, 2008
Credit Suisse to take $1 billion beating

First-quarter results will suffer from subprime-related trading losses.

FINTECH FEB 19, 2008
Signature Resources teams with Fundquest

Signature Resources Capital Management has teamed up with Fundquest Inc. to launch a wealth management platform.