The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
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.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
Stephen J. Barrett is now senior vice president and chief marketing officer of Eaton Vance Distributors Inc.
Independent-contractor broker-dealers are gnashing their teeth over the possible consequences of an updated professional code of ethics for certified financial planners, coming this summer.
In keeping with gloomy expectations, U.S. payrolls continue to decline, though the damage is not as severe as some had feared.
Fidelity Investments is about to unveil a program intended for brokers who are also investment advisers.
Aon Corp. posted first-quarter earnings of $218 million, up from $213 million a year earlier.
Nymex's net income for the first quarter increased to $71.2 million, up from $56.2 million a year ago.
Bank of America today unveiled a redesign of its website to help non-profit organizations apply for grants.
Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
A majority of American —68% — believed that the United States is headed into a recession, according to a survey
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
“I ask Congress to do its part ... instead of issuing or sending bills that simply look like political statements,” said President Bush.
Deutsche Bank AG reported its first quarterly loss in five years, due to $4.2 billion in write-downs.
Consumer confidence continued to head south this month as a weak job market and high gas prices pummeled the U.S.
BlackRock chairman and chief executive Laurence Fink received $41.87 million in compensation in 2007.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
