The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.
Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
Reeling from its mortgage-related problems, UBS AG posted a net loss of $10.97 billion for the first quarter.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
The House of Representatives is trying to cripple the experiment with health savings accounts by burdening it with extra layers of bureaucracy.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
