Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Home foreclosure filings increased 112% during the first quarter of 2008, according to RealtyTrac Inc.
The nation's top 25 independent-contractor broker-dealers reported a staggering 26.6% increase in gross revenue last year to $13.52 billion, from $10.68 billion in 2006.
Despite a bruising, competitive market that some say is inhospitable to their survival, many small independent-contractor broker-dealers see plenty of opportunity.
A growing number of businesses are finding that they can do well by doing good.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
Europe is suffering from “a very strong inflationary shock” with food prices soaring and the cost of oil hitting record highs.
The number of vacant homes in the U.S. increased to a record 18.6 million in the first quarter of 2008.
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The bank posted an 85% profit increase, thanks to a surge in net interest and net fee income along with a lowered tax rate.
The best age range to educate children about and involve them in philanthropy is five to 12, said a foundation executive.
Federated Investors Inc.’s profit increased 8% in the first quarter on higher demand for its money market funds.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
Advisers must distinguish between their ability to provide financial advice and the client’s need for legal counsel.
The number of new homes sold in March fell to a seasonally adjusted rate of 526,000, down 37% from last year.
Credit Suisse lost $2.1 billion for the first quarter, compared with a profit of $2.7 billion in same period in 2007.
The board of directors also announced a plan to repurchase up to $1.5 billion of the company's stock over the next two years.
Sales of existing homes decreased by 2% last month to a seasonally adjusted rate of 4.93 million units.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
