Even as they fight a rule that would treat indexed annuities as securities, many insurers are pre-paring their agents to become registered representatives, should the rule become law.
People who knew how to make a quick buck held some of the fastest-growing jobs two years ago. Now, the growth industry is in helping financial firms figure out how to follow the rules.
Citigroup Inc. on Monday named Willem Buiter, a London-based economics professor and author, as its new chief economist.
New arbitrations filed with Finra surged in 2009 to 7,137 cases, up from 4,982 cases in 2008, according to statistics recently released by Finra. That's a 43% gain.
The upset election of Scott Brown to the U.S. Senate seat from Massachusetts will have a more modest impact on financial services regulatory-reform legislation than on health care reform. But the stunning result in Massachusetts will give Republican members of the Senate Banking Committee a stronger hand in shaping financial reform.
Thomas Weisel Partners Group Inc., the San Francisco-based investment bank, faces a regulatory probe over the sale of $15.7 million in auction-rate securities as the market neared collapse.
The FDIC seized another four banks late last week, bringing the year's tally to 41. And there's plenty more where that came from
“Headline risk” associated with municipal bonds went up today when the U.S. Census Bureau released data that state government tax collections totaled $715.2 billion in fiscal year 2009. That's a decrease of nearly $67 billion (8.6%) from fiscal 2008.
The Department of Labor and the Treasury Department have put out a request for information on the use of annuities in defined-contribution plans.
The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation's employers.
One bright spot in today's disappointing jobs report was the fact that the financial-activities sector of the economy added jobs for the first time since July 2007.
Stock index futures are modestly higher, following the lead of markets overseas ahead of an eagerly anticipated government report on U.S. employment in December.
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
Listening to Mohamed El-Erian describe the unfolding “stable disequilibrium” of the global economy can be mind-boggling and depressing at the same time.
Goldman Sachs Group Inc.'s top executives will not receive cash bonuses this year, as the Wall Street giant bows to sharp criticism over its pay practices.
Poor Goldman Sachs. The Wall Street firm that's printing money mere months after exiting the federal bank-bailout straitjacket can do no right.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Exchange-traded funds potentially make it easier for financial advisers to build a well-diversified portfolio that limits volatility by spreading risk. But the proliferation of more exotic ETFs — particularly leveraged and inverse ETFs — could blunt their diversification potential.
