A fourth-quarter tumble in long term care insurance sales brought down full- year 2008 results for the product, according to data from LIMRA International Inc.
The net worth of American households fell by the largest amount in more than a half-century of record keeping during the fourth quarter of last year.
Shareholder resolutions calling for the adoption of a “genocide-free” investing policy might be withdrawn before Vanguard’s July 2 shareholders’ meeting because the firm has established a formal policy.
Oppenheimer Holdings Inc. is interested in picking up some of the brokers and advisers from the distressed Stanford Group Co., the Houston-based broker-dealer arm of the disgraced companies controlled by financial R. Allen Stanford.
Fidelity Investments today unveiled a program to help registered investments advisers hire, develop and retain employees.
Advisers are agitated by the SEC’s decision to expand its examinations of advisory firms to include contact with clients.
The Charles Schwab Corp., under fire from some investment advisers for abruptly ending custody of most alternative assets, said it is modifying the policy but not abandoning it.
Suspending mark-to-market accounting would improve the credit system, Robert Reynolds, chief executive of Putnam Investments, said today.
Bernard Madoff pleaded guilty Thursday to an epic fraud that robbed investors worldwide of billions of dollars, avoiding eye contact with swindled investors before he was led out of court with his hands cuffed behind his back.
Stocks declined in early trading Thursday after mixed economic data and a cut in General Electric Co.'s credit rating.
