The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
DTCC has trimmed fees for mutual fund and insurance transactions.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Goldman Sachs has created an index for investors seeking opportunity in longevity and mortality risk.
Despite initial concerns about portability, cost and complexity, annuities in defined contribution plans are slowly gaining momentum, according to a new report.
Speculators seem to know more than political pundits when it comes to predicting election outcomes.
Of all the firms targeted by Eliot Spitzer when he was cleaning up abuses on Wall Street, none suffered more than Marsh & McLennan Cos.
Mark R. Fetting thinks that he can hit the ground running as the new president and chief executive at Legg Mason Inc.
Sen. Hillary Clinton's bid for the White House may rekindle momentum behind a bill she co-sponsored last year that would offer a tax break on some annuities, according to a retirement trade group.
In this election year, the country deserves a realistic budget, and President Bush's proposed budget for fiscal 2009 isn't it — even though it predicts a deficit of $407 billion.
A broker who was recently booted from the securities industry has cost Next Financial Group Inc. and Raymond James Financial Services Inc. dearly — with the two firms paying out almost $850,000 to settle cases involving clients who got burned.
“This will create one platform and one-stop shopping for broker-dealer customers,” said Incapital CEO Tom Ricketts.
Total brokerage client assets reached a record $1.99 trillion, a 17% increase from the previous year.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
The gross domestic product will improve slightly because of the $150 billion economic stimulus package.
The SEC, FINRA and NASAA will seek input on firms’ best practices to protect senior investors.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
