Despite fierce competition, mutual fund net sales will grow at 2% annually, hitting $340 billion by 2012, FRC predicted.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
Maura Collins is CFO and Vanessa Rodriguez has been promoted to vice president and controller.
Judson P. Doherty will be responsible for the delivery of PMFM’s 401k Toolbox service.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
The center features a search functionality that allows customers to identify ETFs that meet certain investment criteria.
Charles Plosser expects the economy to experience "several quarters of sluggish growth in 2008 ..."
Scores of executives talk about globalization, but lately Ronald O'Hanley seems to be living it.
The U.S. economy is in a recession, Merrill Lynch and Morgan Stanley economists wrote in research notes today.
