One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
In the midst of a pause in a decade-long growth spurt, the separately managed accounts industry continues to win over independent financial advisers, many of whom are generally wary of the products' complexity.
More consumers had a positive outlook about the economy, even as concerns about job security grew.
Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.
The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
Reeling from its mortgage-related problems, UBS AG posted a net loss of $10.97 billion for the first quarter.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.