Acquiring a life insurance company in the United States is an option that Sun Life Financial Inc. is willing to entertain, Jon Boscia, president of the Canadian financial services firm, said today.
U.S. Treasury Secretary Tim Geithner said he expects the “vast number of banks” that borrowed money from the government during the financial crisis to repay the debt fairly soon, and expressed confidence that the economy is slowly reviving.
While succession planning involves many decisions and alternatives, there is one outcome that is always an either/or option: ownership of the practice will pass either to a family member or to an outsider.
The five-person business, with about $520 million in assets, is setting up shop as an independent in Novi, Mich.
U.S. stocks are higher in early trading as the government reported new jobless benefit claims fell unexpectedly for the fifth straight week.
Most advisers and brokers agree that all professionals giving financial advice should be required to put the client's best interests first at all times — the traditional fiduciary standard — according to a new survey.
The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that's been pumped into the economy during the financial crisis.
Swiss Reinsurance Co. Ltd. today introduced a $75 million catastrophe bond, covering extreme mortality risks.
Life insurers are concerned that legislation the House Financial Services Committee is likely to approve after Thanksgiving will increase costs substantially for the 28 carriers that have assets of more than $50 billion.
Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery.
Insurers with at least $10 billion in assets would be required to pay into a federal fund to cover the costs of resolving failures at financial services companies under legislation to be taken up next week by the House Financial Services Committee.
Focus Financial Partners LLC, which calls itself the largest partnership of wealth management firms in the world, is securing a new capital infusion to help it service outstanding bank debt and continue its business of acquiring stakes in large registered-investment-advisory firms.
Investors are making few moves in early trading Wednesday after a private group's report showed job cuts declined in November for the eighth straight month, but not as much as forecast.
Exchange-traded commodities funds will continue to prosper despite regulators' concerns that they may have helped fuel the run-up in oil prices last year.
When cold calling chilled prospective clients, insurance agent Eric S. Klarman brought his business outside — to subway stations and on the streets of New York.
The House Financial Services Committee this morning unanimously approved legislation that would create a federal insurance office within the Treasury Department. The legislation is part of a broad financial services regulatory reform package that is scheduled to be voted on next week by the full House of Representatives.
Even as long-term care costs skyrocket, many Americans have unrealistic plans for how they expect to pay for those services, according to a new survey from the LIFE Foundation.
