The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
The SEC, FINRA and NASAA will seek input on firms’ best practices to protect senior investors.
Survey shows consumers are worried about jobs, investments.
The gross domestic product will improve slightly because of the $150 billion economic stimulus package.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
Texas Tech University's financial planning department to honor J. Thomas Bradley Jr. as “Visionary of the Year.”
Net income for the quarter was down 1% at $96,655 from the $105,946 reported in the year-ago period.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
A survey finding that arbitration customers do not believe the process is fair was “inconsistent,” FINRA said.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Productivity rose 1.8% over the final quarter of 2007, a significant drop from the 6% increase achieved in the third quarter.
Confidence among investors with more than $500,000 in investible assets tumbled to an all-time low in January.
The two firms are paying out almost $850,000 to settle cases involving clients burned by Gregory Horton.
Most participants did not believe that the process was fair to all parties and were not satisfied with the outcome.
Fidelity's gift fund reached a record level of $1.17 billion in grants to charity in 2007 — an increase of 24% over 2006.
The non-manufacturing sector saw its biggest one-month drop since they started keeping record in June 1998.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
One money manager and two exchange operators posted profits in the fourth quarter, while an insurer's earnings headed south.
