Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Key gauge shows employers plumped up payrolls in August, surprising analysts; recession talk 'probably misplaced'
For the forseeable future there will be no easy way to build a retirement nest egg, meaning investment advisers and their clients will have to work harder and use a wider range of tools to accomplish the task.
The firm named both Ray Schuville and George Jenckes private client advisers and Josh Glazer private client manager.
Congressional attempts to eradicate conflicts of interest from the Wall Street credit agencies' business model are headed in the right direction, to the benefit of all investors.
Mortgage rates fell to the lowest level in decades for the tenth time in 11 weeks, as investors worried about the economy.
The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers to four recently established business units.
United Equity Securities LLC filed with the Financial Industry Regulatory Authority Inc. on Aug. 12 to terminate its status as a broker-dealer.
Selling private placements has turned into a disaster for some independent broker-dealers.
Wells Fargo & Co. agreed to pay Citigroup Inc. $100 million to settle claims that the San Francisco-based bank improperly won bidding to acquire Wachovia Corp. during the financial crisis.
On her way out the door, the top White House economist dismissed the notion that American corporations are sitting on nearly $2 trillion of cash because they're wary of how major new laws — and some policies currently under consideration — will affect their businesses.
Morgan Stanley Smith Barney LLC has lost a $3 million producing team of veteran Smith Barney brokers to rival J.P. Morgan Securities LLC.
Standard and Poor's Equity Research has a positive fundamental outlook for auto makers.
Finra is playing hardball with a broker-dealer that recently lost a securities arbitration, according to the chief executive of the small broker-dealer that's battling with the regulator.
Another small broker-dealer has been shut down, with this one owing $1.2 million in damages and legal fees imposed on it in a recent arbitration decision.
After her mother died, Jasmine Williams was assured by MetLife Inc. that her $101,819 in life insurance benefits were safe and was sent what the company called a guaranteed money market “checkbook” in 2002.
Global economic conditions are now favorable for gold as a safe-haven investment.
Gold, which reached a six-week high in New York today, may gain as signs of a slowing economic recovery and a weaker dollar increase demand for the metal as a protection of wealth.
Eric Mindich's $13 billion Eton Park Capital Management LP led hedge funds in raising gold investments last quarter, joining billionaire John Paulson's bet that bullion will increase amid inflation concerns.
The Charles Schwab Corp. and Charles Goldman have agreed to meet with a private mediator next month to discuss the former executive vice president's demand for $736,000 in severance pay following his dismissal in 2008 as head of the firm's RIA business.
