The Massachusetts Turnpike Authority and the Massachusetts Housing Partnership will be repaid $18 million and $25 million, respectively.
The New York-based ratings agency upgraded BlackRock's long term corporate credit rating to AA- from A+.
The National Association of Independent Life Brokerage Agencies has announced its opposition to the SEC's regulation of fixed indexed annuities as securities.
Attorney General Andrew Cuomo is investigating how a close business relationship between Fidelity Investments and Goldman Sachs affected auction rate securities transactions.
Inflation may fail to moderate unless monetary policy is tightened "sooner than currently anticipated by financial markets.”
The Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index rose 13% in August to 97.06, from 86.27 in July.
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
Affiliated Managers Group Inc. is buying the parent company of the Aston mutual fund family in an all-stock deal worth nearly $114 million.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
According to a report by the Government Accountability Office, 28% of large U.S. corporations paid no income tax in 2005.
In a market roiled with trouble and strife, advisers who keep assets under custody with Schwab Institutional appear to be picking up clients from wirehouses and do-it-yourself investors at a prodigious rate.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
This is "one of the most challenging economic and policy environments in memory,” the Fed chief said today.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
