Massachusetts Secretary of the Commonwealth William Galvin today charged Oppenheimer & Co. Inc. with fraud and unethical conduct in the sales of auction rate securities.
There are more enrollees in consumer-directed health plans this year than last, and those individuals are more likely to have higher income and enjoy better health than their traditional plan counterparts, according to a study.
Four more insurers have lined up to become banks in the hopes of qualifying for some money from the Treasury’s Troubled Asset Relief Program.
Japan is in a recession for the first time since late 2001 as the country’s gross domestic product contracted for two consecutive quarters — the definition of a recession — Japan’s Cabinet Office announced today.
Politics isn't the only place where people are opting for change.
Sensing an opportunity when a new administration and Congress take over in January, the Section 529 college savings plan industry is pushing for an expansion of current rules and regulations governing the programs.
As we wade through the fallout from the credit crisis, it is easy for investors to be fearful instead of seeing long-term opportunities.
The pain and suffering spreading across the global financial markets has translated into a bonanza of opportunities for the relatively obscure corner of the alternatives space known as the managed-futures industry.
Those with poor credit scores might be deadbeats.
The bull market in broker recruitment deals has peaked.
In an unprecedented move that some are comparing to gambling on the legal system, a $4.6 billion lawsuit is being packaged as the sole asset of a special-purpose company that is preparing an initial public stock offering.
The Hartford (Conn.) Financial Services Group Inc. today announced that it has applied to the Office of Thrift Supervision to become a savings and loan holding company.
Shareholders will receive an annual dividend of 58 cents per share of common stock Dec. 19, down by about 50% from the dividend paid out in 2007.
Consumer sentiments improved slightly in November, according to the Reuters/University of Michigan Consumer Sentiment Index.
Retail sales fell 2.8% in October to a seasonally adjusted rate of $363.7 billion, marking the largest decline since the data were first tracked by the Department of Commerce in 1992.
Agents and advisers are overlooking an opportunity for new life insurance sales: the middle market and minorities, said Catherine H .Smith, chief executive officer of U.S. insurance at ING North America Insurance Corp., in Atlanta.
“Ultimately, the consumer ought to benefit from greater regulation, provided that we heed the lesson of the current crisis,” said Christopher “Kip” Condron, president and chief executive of AXA Financial Inc. in New York.
Egregious risk taking in the name of impressive earnings has led to massive losses in the insurance industry, and now carriers need to think realistically about their pricing models and investments, executives said at a conference today.
The number of individuals receiving unemployment benefits reached 3.9 million last week — an increase of 65,000 from the previous week — the highest level since January 1983.
Fortress Investment Group LLC posted a third-quarter loss of $57 million, or 66 cents per share, as the alternative-asset management firm proved susceptible to financial market turmoil.
