Sources claim Northwestern Mutual -- 'the quiet company' -- is quietly discussing selling the asset manager. The insurer, however, says Russell is not for sale.
Why Dan Charles, executive vice president and managing director of Janus Capital Inc.'s U.S. institutional business and head of Janus Capital Group International, has departed remains unclear
European stock markets recouped losses Tuesday after Wall Street unexpectedly rose at the open after upbeat U.S. corporate earnings and a stronger than anticipated consumer confidence survey combined to offset the gloom that had gripped investors' for most of the session.
Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, up 11.7% from the year-ago period, according to the Michael White-Prudential Bank Insurance Fee Income Report.
Putnam Investments has joined the slew of fund companies launching online tools to help financial advisers talk to their clients about whether or not they should convert to a Roth Individual Retirement Account.
The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
With the Senate set to reconvene this week, the insurance industry is stepping up its efforts to encourage members of the Banking Committee to support a comprehensive study into whether brokers should be forced to adhere to a fiduciary standard.
A California couple has filed suit against The Variable Annuity Life Insurance Co., an American International Group Inc. subsidiary, claiming that the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale.
The U.S. unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
Benjamin F. Edwards & Co. has hired former hockey star Blake Dunlop to run its newly opened St. Louis branch.
Stock futures rose modestly Thursday, a day after President Barack Obama said the government should take new actions to bolster the economy and create jobs.
European stock markets continued to trade lower Monday following steep losses in the U.S. at the end of last week. Wall Street, however, regained some ground at the open even as concerns lingered about President Barack Obama's plan to curb banks' risk-taking.
European stock markets fell Monday as expectations for a rebound on Wall Street diminished amid ongoing concerns about President Barack Obama's plan to curb bank risk-taking.
Bank of New York Mellon says its fourth-quarter profit surged as asset and wealth management revenue offset lower interest income.
JPMorgan Chase & Co. said Friday it earned $3.28 billion in the last three months of 2009, extending a winning streak for big U.S. banks.
The Securities and Exchange Commission has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has pushed back by three months the previous deadline for 200 independent financial advisers to find new broker-dealers.
