Industry News

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NEWS INDUSTRY NEWS DEC 06, 2009
Avast, ye! Somali pirates create an exchange for stolen loot

Market forces work everywhere — even, it would seem, on the high seas.

By Darla Mercado
NEWS RIAS DEC 06, 2009
Firm's new leader has his sights set on new frontiers

Rolling out of the recession, Aspiriant LLC's newly chosen leader has set his sights on eastward expansion, turning the steering wheel away from sunny California and toward the Midwest.

By Darla Mercado
NEWS MUTUAL FUNDS DEC 06, 2009
Joel Hirsh: In equities, big and boring is best

The next wave of equity opportunities lie in big, “boring” companies that have been largely overlooked in the current rally, according to hedge fund manager Joel Hirsh.

By Bloomberg
NEWS BROKER DEALERS DEC 06, 2009
John Sykes quits Gunn-Allen board

The sudden resignation last week of John Sykes, chairman of GunnAllen Holdings Inc., has raised questions about the future of the company and its broker-dealer, GunnAllen Financial Inc.

By Bruce Kelly
NEWS RIAS DEC 06, 2009
Serving the stewards is focus of firm with Christian clientele

Ronald Blue & Co. LLC and its chief executive, Russ Crosson, have put their faith in charity.

By Darla Mercado
NEWS INDUSTRY NEWS DEC 04, 2009
Upbeat U.S. jobs report gives world stocks big boost

Stocks surged in early trading Friday after the government said the nation's jobless rate dropped to 10 percent in November and far fewer jobs were lost.

By Bloomberg
NEWS INDUSTRY NEWS DEC 04, 2009
Stock futures surge after jobs report

By Bloomberg
NEWS INDUSTRY NEWS DEC 04, 2009
Unemployment slips to 10%

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES DEC 04, 2009
SunLife president eyeing acquisitions in the U.S.

Acquiring a life insurance company in the United States is an option that Sun Life Financial Inc. is willing to entertain, Jon Boscia, president of the Canadian financial services firm, said today.

By Bloomberg
NEWS INDUSTRY NEWS DEC 04, 2009
Geithner sees more bank TARP repayments soon

U.S. Treasury Secretary Tim Geithner said he expects the “vast number of banks” that borrowed money from the government during the financial crisis to repay the debt fairly soon, and expressed confidence that the economy is slowly reviving.

By Jed Horowitz
Top life insurance companies ranked by direct premiums
NEWS INDUSTRY NEWS DEC 04, 2009
Top life insurance companies ranked by direct premiums

By Investment News Team
Top 25 providers of variable annuities, ranked by assets
NEWS INDUSTRY NEWS DEC 04, 2009
Top 25 providers of variable annuities, ranked by assets

 

By dcheruvil
NEWS BROKER DEALERS DEC 04, 2009
Raymond James snags high-earning Merrill team

The five-person business, with about $520 million in assets, is setting up shop as an independent in Novi, Mich.

By Bloomberg
NEWS INDUSTRY NEWS DEC 03, 2009
Stocks boosted by drop in jobless claims

U.S. stocks are higher in early trading as the government reported new jobless benefit claims fell unexpectedly for the fifth straight week.

By Associated Press
NEWS RIAS DEC 03, 2009
Shocker: Advisers and brokers agree clients should come first

Most advisers and brokers agree that all professionals giving financial advice should be required to put the client's best interests first at all times — the traditional fiduciary standard — according to a new survey.

By Sara Hansard
NEWS INDUSTRY NEWS DEC 03, 2009
Fed ready to mop up some excess liquidity

The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.

By Associated Press
NEWS LIFE INSURANCE AND ANNUITIES DEC 03, 2009
Swiss Re offers $75M catastrophe bond

Swiss Reinsurance Co. Ltd. today introduced a $75 million catastrophe bond, covering extreme mortality risks.

By Darla Mercado
NEWS LIFE INSURANCE AND ANNUITIES DEC 03, 2009
Too-big-to-fail fund will lead to premium hikes, say insurers

Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.

By Sara Hansard
NEWS INDUSTRY NEWS DEC 03, 2009
Bernanke: Fed will keep eye on sliding dollar

Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES DEC 03, 2009
Insurers are leery of proposed federal watchdog but support Federal Insurance Office

Insurers with at least $10 billion in assets would be required to pay into a federal fund to cover the costs of resolving failures at financial services companies under legislation to be taken up next week by the House Financial Services Committee.

By Sara Hansard