The Dow Jones industrial average has fallen below 7,000 Monday for the first time in more than 11 years.
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
More than half of registered investment advisers responding to a recent survey believed that the market slide made it a good time to invest in stocks, and 93% said their clients were not cashing out their investments.
Panelists addressed myriad issues at the annual marketing conference held in New York by NAVA Inc., the Reston, Va.-based variable annuity trade association.
With the stock market down more than 16% in 2009, following a 38% drop last year, the idea of a non-correlated investment strategy has probably never sounded better.
Fears of increased paperwork and disclosures related to Finra's variable annuity suitability rule have been realized, with many firms reporting that they are still overburdened by hair-splitting requirements.
Standard and Poor’s yesterday announced ratings downgrades for 10 major life insurers, including Genworth Financial Inc., Lincoln National Corp. and MetLife Inc.
Oswald Grubel, the new chief executive of beleaguered UBS AG will likely will take a “fresh, hard look” at the Swiss banking giant’s retail-brokerage business.
The chief investment officer of Stanford Financial Group appeared in federal court Friday as details emerged showing the head of the firm borrowed $1.6 billion from.
The Public Company Accounting Oversight Board may soon have the authority to inspect auditors for all broker-dealer firms, even private ones.
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
A state judge issued a temporary restraining order against two Montana firms accused of bilking seniors out of millions of dollars in a securities fraud scheme.
Morgan Stanley is quietly hunting for a new top executive to run its investment management business, one of the world’s largest money management operations.
An executive at an investment advisory firm who allegedly ran an adult escort business has been accused of pilfering $400,000 from his company's 401(k) plan.
The Obama administration insists it isn't so, but some private economists are wondering if it has brought "Rosy Scenario" back to town.
Adhesion Wealth Advisor Solutions has upgraded its WealthADV Unified Managed Account platform, while Fla. vendor unveils report creation software
