It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
Morgan Stanley CEO John J. Mack has identified Zoe Cruz, a co-president, as the leading candidate to succeed him.
J. Andrew Kalbaugh is the new chief executive of Mutual Service Corp. of West Palm Beach, Fla.
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
Consumer confidence fell this month to the lowest level in more than two years, according to the RBC Cash Index.
Securities firms should accept fiduciary responsibility in advising retail clients, said Citi's Sallie Krawcheck.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
The firm has upped its subprime-mortgage losses to $27.2 billion, $6.3 billion more than earlier reported.
American International Group Inc.'s third quarter net income dropped to $3.09 billion or $1.19 per share.
Elizabeth A. Ward will handle all elements of strategic risk management and have oversight across MassMutual’s companies.
The dollar fell to historic lows against the euro on concerns that China would move reserves out of the U.S. economy.
Fireman’s Fund, a member of Allianz Group, has launched the first green homeowners’ insurance policy upgrade.
Raymond James has surpassed the $1 billion mark in revenue this year — only the second indy B-D to reach that level.
A new rule governing broker-dealers' sales of deferred variable annuities is about to drop, and the firms are arming themselves to face it — but not without a little grumbling.
Ms. Slevin, a 30-year veteran of the company, will direct more than 1,300 tech professionals in six U.S. locations.
Brokers at Merrill Lynch & Co. Inc. of New York are upbeat about the prospects for their company following the departure of chief executive E. Stanley O'Neal last week.
The Section 529 college savings plan industry is divided over how to raise public awareness of the product.
While many financial advisers continue to criticize and shun equity index annuities, insurance companies that sell the product are trying to improve its tarnished image by focusing on education.
Advisers affiliated with Schwab Institutional are growing at a rate that outpaces the industry average, Charles Goldman, executive vice president, said last Monday in Las Vegas at the custodian's annual conference, IMPACT 2007.
