Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
Reeling from its mortgage-related problems, UBS AG posted a net loss of $10.97 billion for the first quarter.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
Independent-contractor broker-dealers are gnashing their teeth over the possible consequences of an updated professional code of ethics for certified financial planners, coming this summer.
In keeping with gloomy expectations, U.S. payrolls continue to decline, though the damage is not as severe as some had feared.
Fidelity Investments is about to unveil a program intended for brokers who are also investment advisers.
Aon Corp. posted first-quarter earnings of $218 million, up from $213 million a year earlier.
