A key federal regulator is asking lawmakers to tighten legislation imposing broad new oversight on derivatives by going beyond the Obama administration's proposal in several areas governing the complex financial instruments blamed for hastening the global economic crisis.
Henry Waxman, chairman of the House Committee on Energy and Commerce, is asking executives at Genworth Financial Inc., The Guardian Life Insurance Company of America and MetLife Inc. to produce details on executives' pay.
ProShares Advisors LLC announced today the launch of a third exchange traded fund that lets investors bet on a downturn in long-term U.S. Treasury bonds.
Actively managed domestic equity mutual funds underperformed their benchmarks for the past five years, according to Standard & Poor's Index vs. Active Fund Scorecard released today.
American International Group Inc. has named Jay S. Wintrob president and chief executive of its Domestic Life and Retirement Services business.
Florida Atlantic University's College of Business yesterday stripped life insurance guru Barry Kaye's name from the school, according to published reports.
Two law firms are investigating potential claims on behalf of retail investors who purchased leveraged, inverse and leveraged-inverse exchange traded funds and held them in their brokerage accounts for longer than one day.
Construction of single-family U.S. homes rose 1.7 percent in July, the fifth-straight monthly increase as builders poured foundations at the fastest pace since last October, the Commerce Department said Tuesday.
Most asset management firms have reduced — and will continue to reduce — the amount of money they spend to lure financial advisers to their mutual funds, a study has found.
A new life insurance product from The Phoenix Cos. Inc. covers two lives under one policy, providing a death benefit for a spouse or business partner.
Advisers across American International Group Inc.'s three broker-dealers were stunned to learn that — contrary to all prior indications — the sale of the insurer's broker-dealer network would be scrapped.
The Securities and Exchange Commission today got behind the Financial Industry Regulatory Authority Inc.'s effort to alert investors about the potential pitfalls of leveraged, inverse and leveraged-inverse exchange traded funds.
John Jerry Inskeep Jr., co-founder of Columbia Management Co., the first mutual fund firm in Oregon, died Aug. 16.
Index annuity sales rose during the second quarter, hitting $8.3 billion, according to data from Advantage Group Associates Inc.
Health insurer Aetna Inc. will need two years to bring its profit margins back to their former levels, an Oppenheimer analyst said today in a note to client.
The National Association of Home Builders said Monday its housing market index rose in August to the highest point in more than a year, as homebuyers hurried to take advantage of a federal tax credit before it expires.
Values on fixed-income securities will fall, hindering life insurers' financial performance over the next two years.
Catastrophe bonds climbed Friday to their highest level of the year amid reports of calmer hurricane outlooks ahead, Bloomberg reported.
The Vanguard Group Inc. last week filed a registration statement with the Securities and Exchange Commission to offer seven bond index exchange traded funds in what some industry experts think will be a direct challenge to iShares, the dominant fixed-income ETF provider.
More banks are expected to fail by the end of the year, but analysts still expect their stocks to continue to gain value.
