New York Life Insurance Co. said on today that its COO, Theodore Mathas, would add president to his title as of July 1.
AXA Equitable Life Insurance Co. has named Kenneth T. Kozlowski vice president of its Funds Management group.
New York Life will launch a series of five target-date funds called the MainStay Retirement Funds.
John Hancock will pay $21.2 million to settle an investigation of the firm's failure to disclose revenue sharing schemes.
PowerShares today launched four exchange traded funds based on the FTSE RAFI indexes.
Amaranth Advisors used a loophole to cloud the extend of its massive gas holdings, according to a Senate report.
Two powerful bank trade groups today announced plans for a merger.
Wachovia Securities LLC may face challenges in retaining all the brokers it wants to, in the wake of its announced merger with A.G. Edwards Inc. of St. Louis.
Claymore Securities today announced the launch of Claymore/KLD Sudan Free Large-Cap Core ETF on the /MEX.
Bank of America said it lost about $450 million from the bankruptcy of Parmalat after relying on "fraudulent misrepresentations" made by the Italian dairy company.
