Modifications to SEC's privacy regulations would allow departing brokers to take customer contact information with them.
Federal Deposit Insurance Corporation chairperson Sheila Bair said most financial institutions remain well capitalized.
The most significant increases in filings for the first two months of 2008 occurred in California, Maryland and Florida.
Manufacturing reports were down across the board with only St. Louis reporting a pickup in activity.
Financial services have eliminated 22,056 jobs since New Year’s, according to Challenger Gray & Christmas.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
Financial services and mortgage companies must do more to reduce preventable home foreclosures, Fed chief Ben S. Bernanke said.
Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
January was the second month in a row in which spending on non-residential structures decreased.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
"I would say, by any common-sense definition, we are in a recession," said Warren Buffett, CEO of Berkshire Hathaway.
Using life insurance to fund college costs has become less popular since the introduction of Section 529 plans, but some financial advisers and carriers insist the strategy still works for some middle-income clients.
Registered investment advisers just might be the next big ticket for the insurance industry.
One of the keys to success in any endeavor is learning from experience.
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
Despite the historical success of using a combination of stocks and bonds to provide downside and upside protection, investors continue to search for new investment vehicles that purport to offer improved methods of limiting investment losses.
HSBC Group Holdings reported a 13%% rise in earnings for 2007 aided by an increase in client assets and the launch of new private-equity investment platforms.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
Recent scandals have taught financial services firms to scrutinize the people they hire more closely.
