Iceland’s economic meltdown, fueled by its exposure to foreign debt, could bring the country to the brink of failure, according to research from Hennessee Group.
Employers persuaded their employees to put their 401(k) investments in the stock market, but now they are trying to persuade them not to abandon their investments.
Institutional investor confidence worldwide increased 12.7 points to 72.9, from January’s level of 60.2.
As clients continue to question the merits of traditional investment approaches, Philipp Hensler, chairman and chief executive of DWS Investments Distributors Inc., is prepping his firm to arm financial advisers with a new way of thinking.
Whether out of necessity or a sense of opportunity, financial advisers are gearing up to attract clients in the midst of one of the worst bear markets on record.
The Hartford (Conn.) Financial Services Group Inc. yesterday said that would no longer be able to participate in a federal commercial paper program.
Consumer confidence has fallen, again.
The outlook for a quick rebound in the European economy is weak.
Clients funneled $12.1 billion of new assets to Charles Schwab in January, up 32% from December, but trading activity from its retail and advisory channels fell..
The rising rates of high-quality-corporate-bond yields are helping pension funds offset the impact of the stock market downturn.
Foreclosures and short sales took a toll on home prices in the fourth quarter as the median price of existing single family homes plunged 12.4% from a year earlier.
After a six-month slump, retail sales rose for the first time in January, according to a Department of Commerce report released today.
Genworth Financial Wealth Management selected State Street Global Advisors to manage six portfolios using State Street’s SPDR exchange traded funds.
Marc Mayer, a 20-year veteran of AllianceBernstein, was tapped as the first chief executive of GMO LLC, a spokesman confirmed today.
The Hartford (Conn.) Financial Services Group received approval from the Connecticut insurance commissioner to change accounting practices.
Only three of the eight CEOs testifying before the House on their use of government bailout funds bought shares in their companies over the last six months as the stocks were plummeting.
Insurers are eager to continue developing products in the variable annuity arena — with the search for ways to reduce risk as a top priority.
Congress has reached agreement on the nearly $800 billion economic stimulus package sought by President Obama. Senate Majority Leader Harry Reid , D-Nev., told reporters that House and Senate negotiators “bridged differences” between the two chambers’ versions of the bill and came up with a $789 billion package.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
