Insurers, concerned about conserving capital, have put the brakes on their fixed-index-annuity production, a move that advisers say could put a crimp in their business.
In the latest iteration of a plan that’s been steadily gaining support from both Democrats and Republicans on the Hill, legislation was introduced yesterday that would create a federal insurance regulator.
John Simmers, one of the most widely respected executives in the independent-contractor brokerage business, is stepping down from the ING Advisors Network. Mr. Simmers, chairman and CEO of the network, told advisers about his decision to retire on a conference call yesterday afternoon.
The stock market is finishing the day with a modest advance, logging its fourth straight week of gains.
The cost of three-month dollar loans between banks fell Friday, a day after the Group of 20 world leaders agreed to help struggling countries with extra funds and to regulate financial markets more closely.
The U.S. unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide range of employers eliminated a net total of 663,000 jobs.
Individual citizens should be allowed to invest in the Public-Private Investment Program, which is aimed at removing toxic assets from the balance sheets of financial institutions, according to the chairman of the House Subcommittee on Capital Markets.
Elizabeth A. Monrad, the former finance chief of General Re Corp., is heading to prison for her part in a scheme that inflated American International Group Inc.’s financial statements.
Investors dove into stocks on Thursday as global efforts to end the financial crisis fed the market's newfound optimism that the economy is on the mend.
Protective Life Corp.’s quest to acquire a Florida bank holding company abruptly ended yesterday because of the insurer’s inability to participate in the Troubled Asset Relief Program.
Legislation approved Wednesday by the House of Representatives that would limit bonuses at government-aided firms may lead more wirehouse brokers to become independent investment advisers, said an attorney who specializes in helping breakaway brokers start their own advisory firms.
The government says orders to U.S. factories posted an increase in February after six straight monthly declines, providing another glimmer of hope that the economy's deep plunge may be starting to moderate.
Delinquencies on consumer loans are continuing to rise, according to new data released by the American Bankers Association.
A Florida Senate bill that would levy heavy penalties on agents and financial advisers who make fraudulent annuity sales has moved closer to becoming law — though not without a few insurance industry-friendly changes.
The European Central Bank has lowered its benchmark interest rate to a record low of 1.25 percent as it tackles the economic downturn plaguing the 16 countries that use the euro.
Stock futures surged Thursday as the world's finance leaders discussed the global economy. Investors were enthusiastic about word from the London meeting of financial regulatory changes and increased funding for the International Monetary Fund.
Authorities have begun sweeping up some of the leftovers of disgraced financier Bernard Madoff's opulent Palm Beach lifestyle — including a mansion and vintage yacht — but it won't go far repaying investors defrauded of billions.
A New York-based nonprofit research group says 100,000 fewer job advertisements were posted online in March.
The Spectrem Millionaire Investor Index rose eight points in March to -26, returning to a “mildly bearish stance.”
