Billionaire investor Carl Icahn offered a $6 billion lifeline to struggling lender CIT Group Inc., one of America's largest lenders to small and mid-sized companies.
Barring some major corporate-earnings disappointments over the next several days, there is reason to believe that investors will continue to reward companies for anything that looks like good news, according to Uri Landesman, head of global growth at ING Investment Management Americas.
So much for having some skin in the game. While investors typically like to see that mutual fund managers are eating a bit of their own cooking and investing in the funds they run, it turns out that the majority of fund managers actually do not have a single dollar of their personal assets in their funds.
Hollywood and the insurance industry continue to trade blows as celebrities attack companies' business practices.
The Financial Industry Regulatory Authority Inc. is warning investors to be on the lookout for scam e-mails that promise refunds of $1.5 million to auction rate security investors.
Members of Congress took to task John Hancock Life and Health Insurance Co. and the federal Office of Personnel Management in a hearing last week, blasting them for an unexpected rate hike in long-term-care insurance that would hit federal employees.
Opening or moving a financial services practice provides advisers with an excellent marketing opportunity — if they are ready to make the most of it.
As a financial adviser, you likely can reflect back to late August 2008 and recall the angst that a falling stock market brought about every day.
The U.S. stock market and economy are in much the same place now as they were in 1930.
Financial advisers who have sold certain types of retirement and other benefit plans to small businesses might soon face a wave of lawsuits unless Congress takes action.
