ProShare Advisors launched two short exchange traded funds that are designed to generate inverse performance compared to the markets in China and Japan.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Board members and fund executives polled are now spending more than 50 hours per quarter managing board responsibilities.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.
Rydex Investments has launched six ExpressShares exchange traded funds on the American Stock Exchange today, bringing the size of its ETF family to 30.
The funds include an international style-consistent growth fund and an asset allocation fund.
John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
