News

Displaying 43069 results
LIFE INSURANCE AND ANNUITIES OCT 27, 2008
Insurers fight to regain waning confidence

Amid bad news in the financial sector, life insurance executives were urged to fight for clients’ trust in their industry and products at the research organization’s annual meeting in Hollywood, Fla.

By Bloomberg
INDUSTRY NEWS OCT 26, 2008
Advisers wary despite oil price drop

With the economy in the throes of a financial crisis, financial advisers have found a silver lining in recent declines in crude-oil prices, but many are still skeptical about jumping into the energy market right away.

By Bloomberg
INDUSTRY NEWS OCT 26, 2008
Some former bears salivate in aftermath of market tumble

Some longtime bearish market gurus have turned bullish.

By Bloomberg
OPINION OCT 26, 2008
For now, no more stimulus

Congress is likely to debate another economic-stimulus package soon after it returns to Washington from campaigning for the election, unless the economy shows signs of turning around.

By MFXFeeder
INDUSTRY NEWS OCT 26, 2008
Cash is now new king

The financial markets' continuing woes are driving some financial advisers to rethink the notion of buying and holding for the long term, opting instead for strategies that look a lot like market timing.

By Bloomberg
INDUSTRY NEWS OCT 26, 2008
Custodians, RIAs to launch awareness campaign

Registered investment advisers who are frustrated with getting a blank stare when they tell potential clients that they are independent and not a broker-dealer, are being asked to unite around a new branding campaign called OneVoiceRIA.

By Bloomberg
INDUSTRY NEWS OCT 26, 2008
Investors using beat-up stock for cheap loans

When Dr. Debra Zelinsky decided to buy an office condo in the Chicago area to expand her flourishing neural-optometry practice early this year, she faced a dilemma.

By Bloomberg
INDUSTRY NEWS OCT 26, 2008
Schwab dominates rivals in Citi survey of RIA custodians

Charles Schwab & Co. Inc., the pioneer of discount brokerage and the first broker to focus a business unit solely on independent investment advisers, appears to have proved once again that it pays to be first.

By Bloomberg
BROKER DEALERS OCT 26, 2008
LPL to offer vigorous defense in broker fraud case

LPL Financial plans a spirited defense against claims that it was negligent in its supervision of a rogue broker who allegedly stole $5 million from at least 40 victims, many from his church in Phoenix.

By Bloomberg
OPINION OCT 26, 2008
Kudos to the tax writers

The government rescue plan inevitably will produce many villains.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 24, 2008
Treasury wants to recapitalize insurers

The Treasury Department wants insurance companies to participate in its $700 billion bailout program —and it may take equity stakes in return.

By Bloomberg
REGULATION AND LEGISLATION OCT 24, 2008
Financial organizations receive threats

More than 50 letters that contained threats and an unidentified white powder have been mailed to U.S. financial institutions and government offices.

By Bloomberg
REGULATION AND LEGISLATION OCT 24, 2008
Treasury invests in several regional banks

The Department of the Treasury has begun to purchase stakes in several regional banks as the government aims to halt the freeze of the credit markets,

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 24, 2008
AIG might need more money

AIG has borrowed $90.3 billion from the federal government, surpassing its original $85 billion rescue loan.

By Bloomberg
REGULATION AND LEGISLATION OCT 24, 2008
PIABA to continue reform push

The plaintiff's bar will continue pushing for the elimination of industry arbitrators, said Brian Smiley, the new president of PIABA.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 24, 2008
U.K. insurer mulls purchase of AIG units

Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.

By Bloomberg
INDUSTRY NEWS OCT 24, 2008
Earnings drop for T. Rowe, Federated, Franklin

T. Rowe Price Group Inc. reported its first profit drop since 2003 today as weak credit conditions led to a steep decline in inflows.

By Bloomberg
INDUSTRY NEWS OCT 24, 2008
Markets hit hard in Europe, Asia

Sobering economic news in Europe, combined with continuing concerns about the U.S. economy, shattered markets in Europe and Asia today.

By Bloomberg
LIFE INSURANCE AND ANNUITIES OCT 24, 2008
Jury finds that Unum defrauded U.S.

A Boston federal jury found that disability insurer Unum Group committed fraud against the United States in some of its disability cases.

By Bloomberg
INDUSTRY NEWS OCT 24, 2008
Sales of existing homes begin to rise

Home sales increased 5.5% last month from August and 1.4% from a year earlier to a seasonally adjusted rate of 5.18 million units, according to the NAR.

By Bloomberg