Only three of the eight CEOs testifying before the House on their use of government bailout funds bought shares in their companies over the last six months as the stocks were plummeting.
Insurers are eager to continue developing products in the variable annuity arena — with the search for ways to reduce risk as a top priority.
Congress has reached agreement on the nearly $800 billion economic stimulus package sought by President Obama. Senate Majority Leader Harry Reid , D-Nev., told reporters that House and Senate negotiators “bridged differences” between the two chambers’ versions of the bill and came up with a $789 billion package.
Robert W. Baird has snagged Paula Johnson, an industry veteran most recently with rival Wachovia Securities LLC of St. Louis, to lead a fledgling branch office.
The Retirement Income Industry Association gave a sneak peek into an initiative designed to encourage financial advisers to take a risk management approach.
New York Attorney General Andrew Cuomo may subpoena more executives from Bank of America Corp. and Merrill Lynch & Co. Inc.
Massachusetts Secretary of the Commonwealth William F. Galvin filed a complaint today to revoke the securities registration of Cohmad Securities Corp.
Providers will push forward with the development of the income guarantee paired with a unified managed account, and with other vehicles, despite hurdles.
Legislation aimed at improving disclosure of 401(k) fee information was introduced in the Senate yesterday.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
Seeking to wrest market share from the asset management industry, life insurance executives will embark on a campaign of simplified consumer communications and stress real-life contexts for the use of their products.
After posting another massive loss today, the Swiss bank UBS AG said it will reorganize its wealth management businesses.
Securities litigation in the wake of the Bernard Madoff scandal could snag a whole host of investors who might have to give up whatever gains they received over the past six years, according to legal experts.
Bernard Madoff began to face the music today.
SEC director of enforcement Linda Thomsen is resigning to return to the private sector, the agency announced today.
Wells Fargo & Co. is hitting back at media coverage of a Las Vegas trip for mortgage employees that the bank canceled last week.
Incidents of identity theft and fraud continue to rise but, due to increased vigilance by consumer and businesses, the cost to individual victims has fallen.
Fixing the global financial crisis will require more effective government regulation and greater cooperation among regulatory agencies around the world.
