After two successive profitable quarters, the besieged insurer reports a loss of nearly $9B in the fourth quarter.
The Certified Financial Planner Board of Standards Inc on Friday placed Oren Eugene Sullivan Jr. under interim suspension, keeping the ex-broker from using its credentials.
American International Group Inc. is launching a plan to revamp how it arrives at incentive pay for its workers, according to the NY Times.
MetLife Inc. is in the final stages of talks with American International Group Inc. about a deal to buy AIG subsidiary American Life Insurance Co. for about $8 billion in stock and access a bridge loan, according to published reports.
American International Group Inc. is set to pay out about $100 million in a fresh round of bonuses to employees of its financial products division, the unit whose risky bets helped sink the company leading to a $180 billion government bailout, according to reports published Tuesday.
Shares of MetLife slid Wednesday, a day after the insurer confirmed that it's in talks with American International Group Inc. about buying the American Life Insurance Company.
The Securities and Exchange commissioner says "vague and confusing" language describing target date funds led to investor confusion when investments performed poorly during the market downturn.
Preparing for a shift in the economic climate, several fund companies are launching funds designed as inflation hedges.
And there's a 5% chance the tab could top $570K, according to a sobering study published this week by Boston College.
Trade associations representing the life insurance industry and agents last week applauded New York's passage of life settlement legislation.
Stock picking in the current market requires a renewed focus on corporate economics and balance sheets, said Larry Coats, manager of the Oak Value Fund (OAKVX).
Allianz Global Investor Solutions is planning to lower the fees on its target date and target risk funds in the next few months, according to a firm executive.
Fidelity Investments is discussing adding non-proprietary target date funds to its adviser-sold 401(k) platform.
Because financial products generally are sold and not bought, financial services companies traditionally have been great sales machines and lousy marketers.
President Barack Obama's health plan proposal would extend Medicare taxes to the investment income of higher-earning households.
Pacific Investment Management Co. LLC is planning to build active-equity-management capability, possibly by lifting an existing team from a rival firm, according to sources familiar with the company.
With the sale of Dresdner Bank now well behind it, Allianz appears to be back on track. Proof? The Pimco and Oppenheimer parent recorded close to a $6B profit in 2009.
Shares in insurer Swiss Life Holding jumped Monday on reports that German rival Allianz SE is planning to make a takeover bid.
In an attempt to pull further away from the transactional nature of annuity sales, brokerage executives are using tools to help their financial advisers fit product sales into a planning context.
