In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
A state judge issued a temporary restraining order against two Montana firms accused of bilking seniors out of millions of dollars in a securities fraud scheme.
Morgan Stanley is quietly hunting for a new top executive to run its investment management business, one of the world’s largest money management operations.
An executive at an investment advisory firm who allegedly ran an adult escort business has been accused of pilfering $400,000 from his company's 401(k) plan.
The Obama administration insists it isn't so, but some private economists are wondering if it has brought "Rosy Scenario" back to town.
Adhesion Wealth Advisor Solutions has upgraded its WealthADV Unified Managed Account platform, while Fla. vendor unveils report creation software
The utilities sector is no longer the slam dunk it once was when it comes to generating income for investors.
President Obama’s proposal to raise taxes on affluent households, detailed in his budget plan today, could be a boon for tax-managed mutual funds.
The Ohio Department of Insurance has confirmed it will provide temporary reserve relief for 20 insurance companies headquartered in the state.
Thomas M. Marra, chief operating officer of The Hartford (Conn.) Financial Services Group Inc., will retire from his post July 3.
General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008.
The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week.
The Financial Planning Association has lowered the registration fee for one of its upcoming conferences in light of the downturn in the economy.
The World Series champion Phillies are relieving one of their pitchers, whose cash is frozen in the wake of the alleged $8 billion fraud committed by R. Allen Stanford.
Federal Reserve Chairman Ben Bernanke today backed the idea of creating an optional federal charter for insurance.
Financial advisers, already overwhelmed with frazzled clients, want more understanding from their wholesalers.
The age of long term care insurance purchasers continues to skew downward as more baby boomers buy policies.
Eaton Vance Corp. said Wednesday its fiscal first-quarter profit shrank by more than half.
