But CEO says regulators need to understand the business better.
The Financial Stability Oversight Council has classified both AIG and Prudential as 'too-big-too-fail.' That's too bad for customers. Here's why.
Not a ton of excitement but advisers intrigued by newfangled approach.
After pocketing a $1 million Make Me Rich jackpot last fall, Detroit-area lottery winner Amanda Clayton is getting a trial-by-fire lesson in the challenges of having wealth.
Choosing a lump sum instead of annuity a smart decision, says estate expert; setting up trust protects heirs.
Instant approval once paperwork is filed, fee is paid.
As part of <i>InvestmentNews'</i> 15th anniversary issue, we're looking back this month at people who changed the face of the advice industry. Today: An adviser who blazed the trail for women.
Combination of QE, massive debt levels and betting the economy's future growth on creating inflation a 'miserable mistake,' Michael Pento says
Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
If designation holds, firms will be subject to Fed oversight, stricter control
Interest rate spikes are looming threats to stock investors, as they could lead to higher capital costs and cut corporate margins and profits as many companies continue to suffer through sluggish sales.
Miller says growing economy No. 1 priority
Too-big-too-fail giants get loan discounts due to perceived government support; taxpayer subsidy worth $83B
New offering opens up access to insurance brokerages offering annuities, disability, long-term care.
