The Fed has forecasted an inflation rate of less than 1% this year and less than 1.7% for 2010 and 2011.
Smith Barney, facing a rising number of broker departures from its branches, this month hit four ex-reps and a rival broker-dealer with a lawsuit.
Hard times are on the horizon for insurers as commercial mortgage exposure haunts carriers and capital levels shrink, according to Fitch.
In the first watchdog criticism of the Obama administration’s handling of the financial bailout, the head of a congressional oversight panel said the new Treasury Department plan “lacks crucial details,” especially about how it will treat toxic securities held by banks.
With many major companies trading in penny-stock territory, the New York Stock Exchange is considering relaxing a rule that requires shares to trade above a dollar.
When combing through new investment ideas, advisers would be wise not to ignore mutual funds and separate-account strategies at the bottom of the heap.
Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
Prices of existing single-family homes tumbled 18.2% on average in the fourth quarter of 2008, marking the biggest year-over-year price decline in 21 years
Janus Capital Group Inc. of Denver saw its ratings drop a notch to junk status today courtesy of Standard & Poor’s of New York.
While all 401(k) investors have sustained significant losses in the last year, no one has suffered more than the wealthiest 401(k) participants.
The challenge: Because of the increase in corporate layoffs, retirement plan rollovers are becoming bigger than ever.
A declining percentage of Americans believe they are saving enough for retirement, according to a survey released today by the Consumer Federation of America.
A former Secret Service agent is expected to be named chairman of the organization overseeing the federal-economic-stimulus-plan spending.
As market volatility persists, the Financial Planning Association has created a research program that is aimed to help advisers choose the best technology.
The country stands to lose a sizable chunk of economic activity in 2009 as consumers at home and abroad retrench in the face of persistent economic troubles.
Investors' concerns about negative market returns are likely to create a greater demand for guaranteed products such as variable annuities, but the downturn in the markets has changed the insurers' cost of managing the hedging risk of VAs.
Much as the Great Depression spawned an entire generation of skeptical and conservative investors, the current financial crisis could have a similar effect on the financial tendencies of today's "Millennial" generation.
In a nod to today's touchy political environment regarding executive compensation, financial advisers at the firm born out of a joint venture between Morgan Stanley and Smith Barney will not receive retention bonuses.
As the broad market continues its free fall, independent broker-dealer Woodbury (Minn.) Financial Services Inc. is grappling with changes in senior management and the lingering problems of its owner, The Hartford (Conn.) Financial Services Group Inc.
