American International Group Inc. is in talks with MetLife Inc. to sell one of it's largest insurance units for between $14 billion and $15 billion, according to news reports Tuesday citing people familiar with the matter.
Bank of America Corp.'s new CEO Brian Moynihan said Monday his company is continuing to recover from the financial crisis but will remain cautious even as it expects to grow in 2010.
After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
If the Securities and Exchange Commission won't protect shareholders, then the courts must — and they will.
MetLife Inc. is licking its chops at the opportunity to expand overseas, according to published reports.
A lawsuit accuses an energy company owned by Dallas Cowboys owner Jerry Jones of aiding and abetting an alleged $15 million securities fraud.
Recent stock market volatility won't prevent the bull market rally from lasting another year or more, according to Eugene Peroni Jr., a portfolio manager with Advisors Asset Management Inc.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has informed the 200 independent financial advisers that clear through its brokerage to find a new broker-dealer by April 30.
Major life carriers' earnings will take just a minor hit from President Obama's proposed Financial Crisis Responsibility Fee, according to a report from securities firm Keefe Bruyette and Woods.
A New York couple who lost more than $2 million on financial and health care stock investments made by their independent adviser in 2008 and who stopped opening their monthly statements has failed in a bid to collect damages from Fidelity Investments, the custodian for their RIA.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
As part of her leadership role at Merrill Lynch & Co. Inc., Sallie Krawcheck has shown clear deference to the firm's storied past and has assiduously worked the phones, reaching out to leading members of the firm's old guard, including former chief executives David Komansky and Daniel Tully.
ING Groep NV, one of Europe's largest banking and insurance groups, reduced its losses to €712 million ($980 million) for the fourth quarter on Wednesday, reflecting a mixed operating performance and a big charge related to an earlier bailout.
Standard & Poor's cut its credit outlook for Citigroup and Bank of America to “negative” from “stable,” warning that shifts in the political winds don't bode well for some investors in these large institutions.
A sister who sued her brother and his brokerage firm won a $608,000 arbitration decision last month in a case that alleged, among other claims, churning of highly volatile stocks in the weeks leading up to the market collapse of September 2008.
The Labor and Treasury department have put out a request for information on the use of annuities in defined-contribution plans.
The benefits that financial advisers provide to a client going through a divorce start when that client first informs you of the wedding plans.
