Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
Growth in U.S. payrolls slowed to a trickle and the unemployment rate increased significantly in December.
But financial-services firms trimmed 5,000, marking the third decline in the last five months.
Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.
Many investors found disclosures that advisers and B-D firms are required to provide are "problematic.”
After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.
Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.
Confidence blossomed among investors with more than $500,000 in investible assets in December.
Prices of existing single-family homes slumped for the tenth consecutive month in October.
Customers opened their wallets in November, as personal income and prices jumped, according to the Commerce Department.
The insurance company's president and chief executive, Michael G. Cherkasky, will step down.
About 21 million taxpayers will be spared the AMT for 2007 after the House approved an "AMT patch."
America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.
Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.
The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.
The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.
The Bank of Japan kept interest rates steady at 0.5%, indicating that the Japanese economy is expected to grow at a slower pace.
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
