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.
Elizabeth A. Monrad, the former finance chief of General Re Corp., is heading to prison for her part in a scheme that inflated American International Group Inc.’s financial statements.
The Department of Labor will begin an "immediate review" of target date funds — one that could lead to new regulations placed on the all-in-one investment strategies — according to a letter sent to a key Senate committee.
Even Bernie Madoff isn't exempt from the real estate slump.
Protective Life Corp.’s quest to acquire a Florida bank holding company abruptly ended yesterday because of the insurer’s inability to participate in the Troubled Asset Relief Program.
A Florida Senate bill that would levy heavy penalties on agents and financial advisers who make fraudulent annuity sales has moved closer to becoming law — though not without a few insurance industry-friendly changes.
Eight out of the 10 best-performing bond funds during the three-month period ended March 30 were municipal bond funds, according Lipper Inc. of New York.
Massachusetts Secretary of the Commonwealth William Galvin today charged Fairfield Greenwich Advisors LLC and Fairfield Greenwich (Bermuda) Ltd. with fraud in connection with the Bernard Madoff investment scandal.
The Treasury Department on Tuesday extended a temporary guarantee of money market mutual fund assets initially put in place during the height of the financial crisis.
An index that tracks signed contracts to purchase previously occupied homes rose in February from a record low a month earlier as buyers took advantage of deeply discounted prices and low interest rates.
MetLife Inc. Chairman and Chief Executive C. Robert Henrikson received compensation of $12.4 million in 2008, down 13 percent from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing Tuesday.
Advisers are being pelted with a dizzying array of new insurance products. But as quickly as products develop, so, too, do the challenges, which include evaluating carriers’ financial health and deciding which product might be favorable in a given economic environment.
Even though retired clients have been hobbled by tanking investments, opportunities still await those who dare to try alternative investments, according to experts.
