The co-CIO of Pimco reveals an adjunct to the New Normal that will likely affect growth and financial markets for years to come
BlackRock Inc., the world's biggest asset manager, named Rich Kushel as head of portfolio management and Charles Hallac as chief operating officer, reshaping its leadership team after the purchase of Barclays Global Investors.
Charles Schwab will pay $200 million to resolve a federal class action lawsuit filed by investors who say the financial holding company misled them over the safety of mortgage-backed securities.
Connecticut insurance commissioner Thomas R. Sullivan will look into whether The Hartford participated in “misleading practices” in its marketing of a new variable annuity, the commissioner's office announced today.
Money managers are jittery about a provision in the financial-reform law that gives the Securities and Exchange Commission and other federal regulators authority to decide whether their compensation is “excessive.”
The prolonged economic crisis, weak equity markets and rock-bottom fixed-income returns should cause all who advise individuals on investing to reconsider the assumptions on which much of their advice is based.
New York Life Insurance Co. was the top seller of fixed annuities during the second quarter, with $1.74 billion in sales, according to Beacon Re-search Publications Inc.
Things are getting ugly in Venezuela, with President Hugo Chavez vowing to crush the country's brokerage industry following a big drop in the value of the bolivar
Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.
Traders, storage facility owners betting on turnaround in the first half of the year
The ex-hedgie who predicted the mortgage collapse sees green in green acres. High tech, gold looks good to him as well.
Economist Nouriel Roubini says there's no chance for a swift economic turnaround. In fact, he says a recovery, if it happens, will actually feel like a recession. Given that scenario, Dr. Doom thinks the U.S. greenback may be a better bet than gold.
Key gauge shows employers plumped up payrolls in August, surprising analysts; recession talk 'probably misplaced'
Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
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.
