Consumer sentiment level falls to 16-year low.
Housing, credit woes have caused economic turmoil, said former Fed chief.
Several sectors of the economy experience minimal growth.
Officials have testified that the time is right for a federal insurance regulator.
RBC Dain Rauscher will acquire Ferris Baker Watts Inc., a broker-dealer in Washington.
UBS reports a record $11.3 billion fourth quarter loss.
The rate of growth in European economies slipped in the fourth quarter, according to the European Union Statistics Office of Luxembourg.
DTCC has trimmed fees for mutual fund and insurance transactions.
Insurer settles with California over allegedly inappropriate fixed annuity sales.
Cynthia King will be head of products for the the company’s Employer Markets Defined Contribution and Executive Benefits Business segment.
Credit Suisse, Marsh & McLennan and Evercore reported negative returns in the fourth quarter, while Stifel saw a 92% increase.
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.
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.
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.
Mark R. Fetting thinks that he can hit the ground running as the new president and chief executive at Legg Mason Inc.
Total brokerage client assets reached a record $1.99 trillion, a 17% increase from the previous year.
“This will create one platform and one-stop shopping for broker-dealer customers,” said Incapital CEO Tom Ricketts.
