The Fed announced it would lend $200 billion of Treasury securities to bond dealers, causing a stock market spike.
Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.
Charles Schwab is the most recent mutual fund company to introduce a lineup of funds designed to generate a targeted annual payout for retirees.
The stock market downdraft may soon ignite consolidation among small mutual fund companies.
While mutual fund companies and brokers are enthusiastic about a proposal to simplify fund prospectuses, they object to the idea of filing quarterly performance and holding updates, according to comments filed late last month with the SEC.
Despite a sinking stock market, investment research firm Morningstar Inc. is mapping plans to increase its product lineup in 2008.
Industry observers are cheering the news that the hugely popular American Funds group stood up to regulators — and won.
Financial advisers are glad to see that competition is heating up in the nascent exchange traded note market.
The recent push by the Financial Industry Regulatory Authority Inc. to return money to harmed mutual fund investors was part of what should be a never-ending effort by the financial services industry to find ways to maintain consumer faith in the marketplace.
Investors have gotten used to associating the Asian equity markets with growth, but dividends are often an overlooked and potentially rewarding opportunity.
Blackstone Group today announced fourth-quarter losses of $170 million, compared with a profit of $1.18 billion one year earlier.
the Bear Stearns Current Yield Fund (YYY) will begin trading on the American Stock Exchange on March 18.
The move is intended to simplify the mutual company's ownership structure, according to the firm.
Investors will be the ultimate winners if a Securities and Ex-change Commission proposal to permit exchange traded funds to operate without having to obtain individual exemptive orders becomes a reality.
The Hennessee Hedge Fund Index advanced 1.4% in February but remains down 1.2% for the first two months of the year.
Turmoil in the bond market was a factor in the formation of the Regional Bond Dealers Association, based in Alexandria, Va.
The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
Hedge fund assets grew by only 10% in the second half of the year, marking the smallest half-year increase since 2002.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
