A group of single-premium annuity pension plan brokers who allegedly took kickbacks from insurance carriers is under investigation by the state of Connecticut and may face steep penalties, according to Attorney General Richard Blumenthal.
The Wall Street Wizards, the financial literacy program founded four years ago for minority students in the San Francisco Bay Area, is gearing up to go national.
Two key economic indicators, consumer spending and personal income growth, both slowed in April.
The U.S. gross domestic product estimate for the first quarter was revised up to 0.9%, from a predicted 0.6%.
The Hartford Financial Services has divided its life insurance operations into four market groups.
This deferred payout annuity allows clients to buy a stream of guaranteed income for a minimum of $10,000.
William Thomason's world is mysterious — at least to the black and Hispanic high school students entering the financier's Wall Street Wizards Urban Financial Literacy Program.
LPL Financial, the nation's largest independent-contractor broker-dealer, is on the lookout for plum acquisition candidates, although a top executive says growth through current advisers is the company's prime goal.
Mortgage applications dipped 4.6% for the week ended May 23 due to a drop in refinancing activity.
New orders for durable goods fell by a lower-than-expected 0.5% last month, according the Department of Commerce.
A Bank of America analyst has slashed earnings estimates for Lehman Bros., Goldman Sachs and Morgan Stanley.
The Conference Board Consumer Confidence Index fell to a reading of 57.2, down from 62.8 in April.
House prices continued to plunge in the first quarter, with new data revealing record declines across the country.
Whether they like it or not, advisers have become well-versed in financial manias, panics and bubbles.
You won't find diplomas from Harvard or Wharton on his office walls.
Goldman Sachs said it would likely sever its links with the Institute of International Finance in a dispute over accounting rules.
Despite rising energy costs, the Dow Jones Transportation Average has increased 19% since March, exceeding the 7.5% of the Dow Jones Industrial Average.
NYSE Euronext Inc. has selected Michael S. Geltzeiler to become the exchange operator’s chief financial officer and group executive vice president .
Home prices fell by a seasonally adjusted 1.7% in the first quarter, marking the largest quarterly decline on record.
UBS AGwill raise more than $15.5 billion of capital by issuing sharply discounted shares in an attempt to recover from mortgage-related losses.
