Prudential Plc, Britain's second-largest insurer, agreed to buy Singapore-based United Overseas Bank's life insurance unit to help expand in Southeast Asia.
Stock futures pointed to a higher opening Tuesday as investors placed bets that new data on economic output and housing sales will show the economy is continuing to recover.
Stocks pushed higher for a third day after a report that home sales were surprisingly strong last month.
John Healy has resigned his position as chief executive of the National Association of Insurance and Financial Advisors, the organization announced today.
Sen. John Kerry of Massachusetts will look at whether financial advisers should continue to be classified as independent contractors.
An Emeryville, Calif., woman remains in federal custody after prosecutors say she admitted to defrauding hundreds of investors out of more than $8 million.
Total assets in target date funds will grow to $2.6 trillion by 2018, attracting 80% of new and reallocated flows into defined-contribution plans for the next decade, according to a projection in a recent Casey Quirk & Associates LLC report.
State Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit, confirmed Arlene Roberts, State Street spokeswoman.
Many of your retired clients are discovering that their accumulated savings are insufficient to meet their current expenses, which translates into a need for more retirement income.
State Street Corp. said Tuesday its third-quarter profit rose but warned its business in the second half of 2009 is weaker than previously expected as it is collecting fewer transaction fees.
The final fate of two lawsuits arising from the 2007 merger of NASD and the New York Stock Exchange's regulatory unit could be decided in the coming months.
The United States will avoid a “double dip” recession, with real gross-domestic-product growth topping 2% next year, according to Standard & Poor's Corp.
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010. They also see businesses increasing their spending next year.
Unintended consequences of capital markets regulation or legislation are the biggest fears harbored by equity traders at money management firms, a new report from consulting firm TABB Group says
In the wake of recent disastrous blowups of high-commission private placements, some broker-dealers are anxious about whether their advisers should sell the offerings.
But use of commodities and absolute-return strategies appears to be universal, according to a survey from Rydex Distributors
Will Wells Fargo end up doing the right thing?
