Mindful of soaring deficits and an anti-Wall Street mood, President Barack Obama wants a new 10-year tax on the country's largest banks to cover a projected $117 billion shortfall in the government's financial crisis bailout fund.
A Wells Fargo Securities analyst has speculated that Prudential Financial Inc. may target ING's U.S. retirement business as an acquisition.
Smaller broker-dealers are worried that a sweeping congressional proposal aimed at preventing fraud through comprehensive audits of brokerage firms could put them out of business.
The SEC's request for documentation about how advisers use social networking sites has the advisory biz spooked. And despite the heightened attention, advisers still aren't certain about the guidelines governing the new media.<br><a href=http://www.investmentnews.com/article/20110216/FREE/110219945>What the SEC is requesting from advisers</a> | <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20100127&Kategori=FREE&Lopenr=127009999&Ref=PH>Ten things every adviser should know about social medial</a>
Upbeat bankers clashed with pessimistic economists on the opening day of the World Economic Forum, where the movers and shakers of global politics and business argued over whether to move forward with financial reforms — or to abandon what some claim would be a ruinous path toward over-regulation.
Stock futures are modestly higher Wednesday as investors avoid making big bets without knowing how potential policy changes could affect trading.
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., is telling its independent financial advisers to find their own broker-dealers rather than continue to trade through its own brokerage arm, Nationwide Securities LLC.
A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc.
Hoping to address the income needs of retiring baby boomers, providers of exchange-traded funds are gearing up to introduce new income-oriented products.
JPMorgan Chase is letting Facebook users help decide how to give away $5 million.
Investigators say the alleged fraud scheme run by a prominent South Florida lawyer is likely to exceed $1 billion and involve thousands of investors.
Sources claim Northwestern Mutual -- 'the quiet company' -- is quietly discussing selling the asset manager. The insurer, however, says Russell is not for sale.
Why Dan Charles, executive vice president and managing director of Janus Capital Inc.'s U.S. institutional business and head of Janus Capital Group International, has departed remains unclear
European stock markets recouped losses Tuesday after Wall Street unexpectedly rose at the open after upbeat U.S. corporate earnings and a stronger than anticipated consumer confidence survey combined to offset the gloom that had gripped investors' for most of the session.
Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, up 11.7% from the year-ago period, according to the Michael White-Prudential Bank Insurance Fee Income Report.
Putnam Investments has joined the slew of fund companies launching online tools to help financial advisers talk to their clients about whether or not they should convert to a Roth Individual Retirement Account.
The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
With the Senate set to reconvene this week, the insurance industry is stepping up its efforts to encourage members of the Banking Committee to support a comprehensive study into whether brokers should be forced to adhere to a fiduciary standard.
