In another sign that the housing turmoil continues to deepen, foreclosure activity surged more than 70% in the third quarter from the same period a year ago, according to the latest data from RealtyTrac of Irvine, Calif.
Ambac Financial Group Inc. of New York has selected David W. Wallis as its new president and chief executive.
Jackson National Life Insurance Co. of Lansing, Mich., today announced that it generated $11.2 billion in total sales and deposits during the first nine months of the year.
ING Groep N.V. said today that it would sell its Taiwanese life insurance business to Fubon Financial Holding Co., a Taipei-based financial services firm.
For some portfolio managers, the upside of all the recent market turmoil is that almost everything suddenly looks cheap.
Pimco wants to be more than just a fund manager, and plans to expand that message to the retail marketplace.
Wells Fargo & Co.'s anticipated acquisition of Wachovia Corp. will create a new mutual fund behemoth.
Believe it or not, some presumably sane and sober investors are looking forward to opening their next mutual fund statement.
The Securities and Exchange Commission has chosen Nov. 17 as the new deadline for comments on its proposal to register indexed annuities.
The housing crisis showed no signs of rebounding in September as construction of homes dropped to its slowest pace since early 1991, and building permits for new homes fell to their lowest level in almost 27 years.
Hedge fund data-gatherers have started rolling out the grim numbers from September, a month being dubbed the worst month in the history of the shrinking industry.
Invesco PowerShares Capital Management LLC’s emerging markets infrastructure exchange traded fund began trading yesterday, the Wheaton, Ill., firm announced.
If preliminary data on hedge fund redemptions for September are any indication, the $1.9 trillion industry could be scrambling to honor a flood of withdrawal requests at the end of the year.
New York Attorney General Andrew M. Cuomo has demanded that AIG recover the money it spent on lavish outings, bonuses and golden parachutes — and threatened sanctions if the insurer didn’t heed the order.
San Francisco hedge fund MedCap Management & Research LLC and its principal, Charles Toney, were charged today by the Securities and Exchange Commission with reporting misleading results by “portfolio pumping.”
Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone.
Major life insurance companies’ investments in non-prime mortgages are going to continue hurting their capital positions as the year rolls on, according to a study from Fitch Ratings Ltd.
The $1.9 trillion hedge fund industry has gone on the defensive following a recent statement by Italian finance minister Giulio Tremonti, who suggested a move to abolish the alternative-class investments in Italy.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
The Permal Group, a hedge fund group owned by Legg Mason Inc., plans to raise up to $500 million to purchase distressed hedge fund holdings.
