American International Group Inc. today said it would sell its Hong Kong consumer finance unit to the China Construction Bank Asia Corp. Ltd.
The stock market lost ground for a third straight day as investors grew uneasy about a rising dollar and spiking demand for the safest government debt.
The financial advisory industry is rallying its troops against a controversial SEC rule proposal that would subject thousands of investment advisers to surprise exams by outside auditors.
A New Jersey-based financial adviser has admitted operating a scheme that defrauded investors of more than $9 million.
Stocks slid in early trading Wednesday after a report showed housing starts dropped unexpectedly in October.
U.S. insurers may improve their financial flexibility as state insurance regulators change the way they evaluate capital requirements for residential-mortgage-backed securities, according to a report from Moody's Investors Service.
Sex, violence and stranger-originated life insurance are at the center of a new novel, “The Death Bond Conspiracy,” written by an unusual author — an insurance agent.
Merrill Lynch & Co. Inc. will pay Florida $8.5 million to settle claims that the brokerage firm's financial advisers misled their clients about auction-rate securities, according to a <a href=http://www.orlandosentinel.com/business/orl-biz-merrill.settles-090109,0,4894709.story>report</a> in the Orlando Sentinel.
