AIG throws in a clunker, reports surprise $8.8B loss in 4Q
After two successive profitable quarters, the besieged insurer reports a loss of nearly $9B in the fourth quarter.
FDIC seizes four more banks
Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.
Fund groups add inflation hedges
Preparing for a shift in the economic climate, several fund companies are launching funds designed as inflation hedges.
Next N.Y. attorney general will wield power in financial circles
It's early, but brokers and bankers should be tuned into the New York AG race to get a feel for their futures
10 ways to boost the value of your firm
If you're planning to sell your practice, or you just want to build it up, be advised: there are number of ways to increase what a firm is worth
Face-lift coming for $100 bill
In a bid to confound counterfeiters, a new C-note will be unveiled next month
Wallet Street: Big bank bonuses skyrocket, top pre-crisis levels
The American taxpayer bailed out New York City's banking elite. Now, the top securities firms are raking in supersized profits -- with bonuses to match.
Geller looks to expand reach of investment management
Armed with an accounting pedigree and a coveted client roster, Geller Family Office Services LLC is placing a big bet that it can transform itself into one of the industry's premier players.
Advisers upbeat about business prospects – and loving their jobs
Advisers are poised to expand their businesses this year — and are feeling good about their prospects — according to a new survey. What's more, most have high job satisfaction.
Finra top cop Susan Merrill departing
Enforcement director follows Robert Errico out the door at industry watchdog
Top 50 RIA firms struggled to boost assets last quarter
Only six managed the feat, in fact — those that did said the gains mostly came from expanded client rosters and smart investment choices
Pimco parent Allianz back in the black
With the sale of Dresdner Bank now well behind it, Allianz appears to be back on track. Proof? The Pimco and Oppenheimer parent recorded close to a $6B profit in 2009.
Fed head Bernanke says record low rates still needed
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that record-low interest rates are still needed to ensure that the economic recovery will last.
AIG agrees to sell Alico to MetLife for $15.5B
Last week, AIG announced it was unloading its Asia-based operations. On Monday, the embattled insurer agreed to sell its Alico unit to MetLife for $15.5B. Is Nan Shan next?
Deconstructing AIG: Insurer to sell its Asian ops to Prudential PLC for $35.5B
The quest for cash continues, as the besieged company agrees to sell off its Asian unit to Prudential PLC for $35.5B. The next to go? Ask MetLife.
SEC needs to remember that investors come first
Like the public's trust and confidence in Wall Street, faith in the Securities and Exchange Commission was shattered as a result of the 2008 financial meltdown.
So which way is the stock market headed? Experts offer little help
Up? Down? Flat? Rarely have economists and analysts so disagreed over the future of the stock market.
Fleming nabs two big names for Morgan Stanley’s invesment management biz
Gregory J. Fleming, who took the helm of Morgan Stanley Investment Management earlier this month, has nabbed two big names to boost the firm's invesment management biz
What advisers really think of income annuities
Hint: they think the retirement products attract customers who are frightened by the market
