Seeking to wrest market share from the asset management industry, life insurance executives will embark on a campaign of simplified consumer communications and stress real-life contexts for the use of their products.
It will take investors two to five years to recover from the losses that they have endured in the past year in their 401(k) plans, one industry expert said.
When it comes to regulatory oversight of the hedge funds industry, it is no longer a question of if it will happen but when, according to industry representatives speaking today at a conference in Key Biscayne, Fla.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.
Retirement accounts have taken a huge hit since the markets tanked, but they were already in trouble because most consumers weren’t saving enough even when times were good, according to one industry leader.
A BNY Mellon unit bought two firms: one focused on domestic Australian equities and the other on emerging markets equities and global fixed income.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
Bernard Madoff began to face the music today.
Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.
