Since the tax laws are so complex, and often inconsistent, it's no wonder that the tax treatment of investment management fees varies widely.
Judging by the heated reaction of members of Congress, Wall Street, the insurance industry, the savings-and-loan and regional-bank industries, etc., Treasury Secretary Henry Paulson's plan to revamp the nation's financial regulation is pretty good.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
The U.S. economy shed 80,000 jobs for the month, part of the longest period of decline since early 2003.
The U.S. economy has “all but stalled and could contract,” said Janet L. Yellen, San Francisco Fed president.
“It is a far cry from everything we need to do,” but it will help keep homeowners in their homes, Sen. Christopher Dodd said.
The number of U.S. workers applying for unemployment benefits grew by 38,000 last week.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
Wealthy donors may be more open to online relationships than charities may realize.
The economy could contract in the first half of this year, Ben Bernanke said in testimony today.
Two Senators have introduced bipartisan legislation to protect seniors from “unscrupulous financial advisers.”
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
Where some see devastation and loss, others see opportunity.
However, the Portland-based investment brokerage boasted a gain of 123% in total revenue.
Judging by the thundering impact of the housing collapse, something is wrong with financial regulation.
Dow Jones Indexes of New York continues to add components to its 2008 Summer Games Index, which measures the performance of the official partners, sponsors and suppliers of the 29th Olympic Summer Games in Beijing.
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
