Genworth Financial Inc. won’t be able to participate in the Department of the Treasury’s Troubled Asset Relief Program.
Cash invested in U.S. stock funds spiked last week, according to a report released yesterday by TrimTabs Investment Research.
Moody’s Investors Service has placed all U.S. municipalities on negative outlook, indicating its expectations for the whole sector over the next 12 to 18 months.
Exchange traded fund assets fell by 13.5% during the first quarter, to $430.15 billion, according to data released today by Barclays Global Investors of San Francisco.
In the latest action against a wave of mortgage scams, a Massachusetts judge has granted a temporary restraining order against a Florida firm, preventing it from doing business in the state of Massachusetts.
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
The March stock market rally left hedge funds in the dust, according to the latest report from Hennessee Group LLC.
MFS Investment Management of Boston has named Douglas Bailey as national sales manager for its mutual fund distribution unit, MFS Fund Distributors Inc.
Lincoln National Corp., which paid off a $500 million debt just yesterday, today said it is considering whether to sell assets in an effort to bolster its insurance businesses.
The average emerging-markets-equity fund gained more than 10% in March — outpacing the returns posted by funds that invest in developed countries, according to Lipper Inc.
The Vanguard FTSE All-World ex-US Small-Cap Exchange Traded Fund (VSS), which seeks to track the performance of the FTSE Global Small-Cap ex-US Index, began trading today, The Vanguard Group Inc. of Malvern, Pa., announced.
Shares of Lincoln National Corp. fell today as the insurer prepared to pay down $500 million in debt.
Quadrangle Group has confirmed that it has halted fundraising for its third planned fund, which has stalled since last fall when the financial crisis squeezed credit markets in earnest.
Stifel Nicolaus & Co. Inc. has hired two executives from KeyBanc to fill newly created positions in the Financial Institutions Group.
Some providers of exchange traded funds hold out hope that the government will still turn to ETFs to purchase toxic assets — illiquid real estate loans and securities backed by loan portfolios — from banks.
Insurers, concerned about conserving capital, have put the brakes on their fixed-index-annuity production, a move that advisers say could put a crimp in their business.
In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.
Legislation to tax carried-interest compensation at ordinary income tax rates instead of lower capital gains rates was reintroduced today by Rep. Sander Levin, D-Mich.
American Funds will no longer sell Class B and 529-B shares of its mutual funds, effective April 21, the firm said today.
