Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism.
Already under pressure from credit rating agencies, U.S. life insurers are about to be rocked again — by defaults on their investments in commercial real estate and mortgages, according to a report from Fitch Ratings Ltd.
The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought.
Here's the good news: 73% of the companies in the S&P 500 re-ported second-quarter earnings that beat analysts' estimates, and 80% beat the estimates in the third quarter.
Fidelity Investments is unveiling details of the enhanced service model that Charles Goldman, head of its institutional platforms business, promised for registered investment advisers when he joined the firm from The Charles Schwab Corp. almost a year ago.
Financial advisers and other consumers with any debt at all need to become more Scrooge-like this holiday season and avoid buying presents altogether, cautions a credit counseling organization.
In a move to attract and retain registered investment advisers and independent-broker-dealer clients, Fidelity Investments has introduced a program that it says offers financial advisers access to market analysis and industry insights.
Earlier today, Robert Benmosche, CEO of AIG, sent a memo to employees at the insurance company addressing speculation about his potential departure. The text of his memo is below:
A significant update to the popular financial planning program MoneyGuidePro was rolled out last week.
State insurance regulators yesterday voted in favor of using a new method to evaluate residential mortgage-backed securities that would allow them to reduce the capital requirements related to these investments.
Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.
Three institutional infrastructure money managers are the latest to have stopped fundraising efforts amid a drastic reversal in fortune.
The real estate boom and bust is hanging over many independent broker-dealers and their financial advisers as the market for non-traded REITs soured this year.
Financial advisers with Securities America Inc. continued to sell offerings of allegedly faulty private placements after an executive at the firm sounded the alarm bell about the deals last year, according to a recently filed lawsuit.
Recent and upcoming unit sales at Boston Private Financial Holdings Inc. will give the bank holding company enough cash to repay government bailout funds without a capital raise, an analyst said Wednesday.
Stock futures are pointing to a modest decline Monday as investors try to balance concern about fallout from Dubai's debt crisis against encouraging signs from U.S. consumers.
The stock market closed out its best month since the summer, posting big gains for November even as investors worried about the strength of the holiday shopping season.
Know and follow the unwritten (until now!) protocol
Fidelity Investments today unveiled an expanded Transition Solutions program that it says will help brokers at large firms make sense of the options open to them as they weigh independence.
