Ladenburg Thalmann Financial Services Inc.'s acquisition last week of Investacorp Inc., could position the latter to be more active in recruiting representatives and financial advisers, as well as potentially buying smaller firms.
When the Federal Reserve Board cut the discount and federal funds rates by 0.5 percentage points Sept. 18, some critics charged that Fed Chairman Ben Bernanke and his colleagues had acted too quickly.
John Hancock Annuities is making a run for old and young retirees with a new annuity rider.
After his business fell apart, Ed May asked a former client to put money into a new set of investments.
Merrill board irked by CEO E. Stanley O'Neal's unauthorized outreach, The New York Times reports.
Some 77% of respondents to an InvestmentNews survey plan to reach out to clients in areas affected by wildfires.
The regulator said it would give temporary leeway to firms affected by the California wildfires.
Senior official says SEC has formed a working group to look into “rampant” insider trading among Street pros.
The mutual fund trade group asks the state to repeal a new sales tax on investment advice services.
Falling home prices and higher food and fuel prices drove consumer confidence lower this month.
The Oregon College Savings Plan will combine principal protection with upside potential.
Despite strong growth, numbers are down slightly from Q2 as officials make effort to curb inflation.
Sales of new one-family homes rose 4.8% to a seasonally adjusted annual rate of 770,000 from a revised 735,000 in August.
MBIA, the world’s largest bond insurer, reported third-quarter earnings with a net loss of $36.6 million, or 29 cents per share.
Americans have become even gloomier about the economy, but the reality may not be all that bad, says an economist.
The worse-than-expected third-quarter losses raise questions as to the fate of chief executive Stanley O’Neal.
The board of New York Life Insurance has elected Frank Boccio to the position of executive vice president and CAO.
The Risk Group will be responsible for identifying, tracking and addressing key external market and industry trading developments.
BS AG remained the world’s largest money manager in terms of assets under management, with $2.45 trillion, to lead the Pensions & Investments/Watson Wyatt Worldwide ranking of the world’s 500 largest money managers in 2006.
Ladenburg Thalmann has acquired Investacorp, a B-D with close to 500 affiliated reps.
