Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
Second-quarter net income for asset manager rose 18.5% to $35.2 million from $29.7 million in the year-ago period.
Focus Financial has acquired Wespac, an Oakland, Calif.-based RIA and benefits administrator.
As if dealing with clients stuck with auction rate securities isn't challenging enough, brokers are dismayed that firms are reporting some ARS-related customer complaints on the brokers' public disciplinary records.
A sweeping housing bill is expected to be signed into law by President Bush in the middle of this week.
A wealthy prospect wanted investment-grade bonds, and only investment-grade bonds, in his portfolio.
Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.
The amount of time workers take when considering retiring and executing the decision to leave a company is typically quite short, according to the results of a new survey released by the Employee Benefit Research Institute.
Not immediately, but at some time in the foreseeable future, Fannie Mae and Freddie Mac must be either officially nationalized or fully privatized.
The Senate voted 80-13 to limit debate on the bill that would aid ailing mortgage giants and help struggling mortgage holders.
The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
Legg Mason today reported a loss of $31.3 million, or 22 cents a share, for the second quarter.
The pilot program will allow about 400 arbitration claimants to select a panel without an industry representative.
New orders for manufactured durable goods were up 0.8% in June for a total of $215.4 billion.
The bill would provide $300 billion in funding to troubled homeowners and aid the ailing Fannie Mae and Freddie Mac.
Economic activity has slowed in the past month, with Americans buying fewer goods in all categories.
UBS could be parially suspended from operating until those who purchased ARS from the firm are reimbursed.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
