By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Home prices in the United States fell by a record 8.4% in November, for an 11th consecutive monthly decline.
After a sterling 2007, leading independent-contractor broker-dealers are facing a horde of significant problems this year, with the subprime-mortgage crisis, skyrocketing gas and oil prices and the threat of a recession the most daunting.
Sales of single-family homes fell 4.7% in December to a seasonally adjusted rate of 604,000.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
Robert B. Pollock's return follows a six-month hiatus when Mr. Pollock went on administrative leave by order of the board of directors.
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
When entrepreneur David Barrett couldn't find an investment firm he trusted to manage several million dollars, he created his own.
Insurance agents and advisers are hawking annuities without grasping the adverse impact on clients' estate plans, industry observers said.
Ameriprise posted strong returns, while E*Trade took a larger-than-expected plunge into negative territory.
The tentative deal involving $150 billion worth of tax rebates would provide $300 to $1,200 per household.
First-time jobless claims fell by 1,000 to 301,000, the lowest level since early September.
Franklin Resources reported a 21% increase in profits while Janus Capital Group experienced a 29% drop in earnings.
Speaking at the annual World Economic Forum in Davos, Bob Greifeld urged Congress to speedily pass a stimulus package.
For all of 2007, the median sales price of an existing single-family home fell 1.8%.
Piper Jaffray's earnings fell 27% with net income falling to $15.1 million while Jefferies reported a loss of $24.2 million.
The new benefit will go with UBS’s target retirement funds and other investment options.
Asian stocks bounced back while European securities slumped following the Federal Reserve's interest-rate cut.
Although they are pessimistic about the U.S. economy, they are optimistic about their own company's prospects.
The subprime-credit debacle caused the firms' profits to fall sharply in the fourth quarter.
