Another independent-contractor broker-dealer is being sold — and this time an insurance company is pulling the trigger on the deal.
Two divisions of Bank of America Corp. have agreed to buy back $4.5 billion in auction rate securities from individuals and small businesses across the country.
Manulife Financial Corp. of Toronto has named Donald A. Guloien to succeed Dominic D’Alessandro as president and chief executive officer.
Merrill Lynch & Co. Inc. of New York expects its retail client holdings of auction rate securities to fall to $7.5 billion by the end of the year, said Bob McCann, head of the firm's retail unit.
Generally, under Internal Revenue Code Section 61(a)(12), income from discharge of debt is includible in gross income. This
The National Association of Insurance and Financial Advisors today announced its partnership with LIMRA International Inc. to provide NAIFA members with free access to a monthly “Market Awareness” web seminar.
Median prices of single family homes rose 0.9% in July from June, but they’re still down year-over-year by 11.4%, according to the July Home Price Index report released today by Denver-based Integrated Asset Services LLC.
The appeal of alternative-investment strategies is becoming increasing apparent to traditional money management firms trying to capture a piece of that market, according to the latest research from Cerulli Associates Inc. in Boston.
The Phoenix Cos. Inc. of Hartford, Conn., today launched its suite of living-benefit riders, with two new additions.
The asset management arm of JPMorgan Chase & Co. held the top spot in a ranking of assets managed by hedge funds, with $48.1 billion as of July 1.
