New York Life Insurance Co. is looking to acquire one or more fund companies, according to one of the company's top executives.
Could the Obama administration be following a weak-dollar strategy deliberately?
Sallie Krawcheck, head of Merrill Lynch's Global Wealth & Investment Management unit, has named a number of top executives to her new management team.
The Charles Schwab Corp's campaign to help stockbrokers become independent investment advisers has been picking up speed.
Nebraska officials say two related Omaha companies have been improperly selling unregistered investments promising as much as a 1,000 percent annual return.
Stocks slid in early trading Wednesday after a report showed housing starts dropped unexpectedly in October.
The Phoenix Cos. Inc. last week drafted a reinsurance agreement with a subsidiary of Swiss Re, improving the carrier's risk-based capital ratio.
U.S. insurers may improve their financial flexibility as state insurance regulators change the way they evaluate capital requirements for residential-mortgage-backed securities, according to a report from Moody's Investors Service.
Sex, violence and stranger-originated life insurance are at the center of a new novel, “The Death Bond Conspiracy,” written by an unusual author — an insurance agent.
Merrill Lynch & Co. Inc. will pay Florida $8.5 million to settle claims that the brokerage firm's financial advisers misled their clients about auction-rate securities, according to a <a href=http://www.orlandosentinel.com/business/orl-biz-merrill.settles-090109,0,4894709.story>report</a> in the Orlando Sentinel.
Kansas has received a total of $5 million from multistate settlements with four investment companies.
The Charles Schwab Corp. today said it will not meet New York Attorney General Andrew Cuomo's demand that it repurchase auction rate securities from clients that purchased them from the discount-brokerage firm, even though its exposure to a buyback is relatively limited.
The Securities and Exchange Commission today said that it has settled charges against TD Ameritrade Holding Corp. Inc. for making inaccurate statements when selling auction rate securities. Also today, Charles Schwab & Co. denied charges by Attorney General Andrew Cuomo that the firm misrepresented the safety of such securities.
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
