State Street posted a 69% increase in profit for the first quarter, helped by $600 billion in new assets.
The increase in the producer price index was the largest increase since the it rose 2.6% in November 2007.
Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
Both GunnAllen Financial Inc. and a former top executive are claiming victory after a lengthy arbitration battle that focused on whether the independent broker- dealer had the right to fire David McCoy, its former chief operating officer and national sales director, who was dismissed in 2005.
This year's proxy season could be a pivotal one in the battle for improved corporate governance.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
On March 31, Treasury Secretary Henry Paulson released the Treasury's "Blueprint for a Modernized Financial Regulatory Structure."
"Rep-as-adviser" programs are gaining interest among brokerage firms as an alternative to the banned fee-based brokerage accounts, according to a report by Cerulli Associates Inc.
The Pittsburgh-based money manager reported that its preliminary net income rose to $55.8 million, or 55 cents per share.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
Fueled by a drastic jump of 9.1% in petroleum import costs, the price of imports increased 2.8%.
The RBC CASH Index fell to 29.5 in April, down from 33.1 in March — an all-time low since it made its debut in January 2002.
The U.S trade gap grew by 5.7% in February to $62.3 billion, trumping economists’ expectations for a slight deficit decline.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
Five brokers at the collapsed firm have filed a $36 million arbitration complaint against National Financial Services.
"Existing-home sales could start to show a sustained increase within a few months ... ," said Laurence Yun, NAR’s chief economist.
The new business will take over certain operations from B-Ds that clear and custody their own trades.
Broker-dealer executives whose firms clear trades through and use the custody services of Bear Stearns Securities Corp. say that their fears have been calmed for the moment by the deal under which JPMorgan Chase & Co. will acquire parent company The Bear Stearns Cos. Inc.
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
Four in 10 American adults are holding off on major life decisions because they are worried about the economy.
