American International Group Inc. has been hit with $13 billion in write-downs over the past year stemming from the securities lending accounts of 12 of its insurance units.
The domestic financial crisis is not yet over, and its full impact has yet to be felt, legendary investor Jean-Marie Eveillard said.
Asia will continue to be an attractive place to invest despite market losses of up to 40% this year, portfolio managers said at athe Morningstar Inc. conference.
Consumer spending increased in May as the stimulus-package rebate checks increased purchasing power and inflation forced them to pay more.
A bill to increase penalties for people who commit securities violations against seniors was introduced in the Senate today.
They find opportunities in energy and other commodities, and even in financials.
Boomers, already strapped for cash, stand to lose even more money by caring for their parents, according to Fidelity Investments in Boston.
A Massachusetts securities regulator today sued two units of UBS AG, charging the employees with fraud and dishonest conduct in sales of auction rate securities.
Sales of existing homes increased 2% in May to a seasonally adjusted rate of 4.99 million units, according to the National Association of Realtors in Chicago.
Nearly half of pre-retirees believe they can withdraw 10% annually from their retirement savings, according to MetLife’s Mature Market Institute survey.
The Senate Banking Committee today unanimously approved three nominees to be members of the Securities and Exchange Commission.
Barclays Capital said the possibility of increased inflation has replaced credit risk as the top issue facing the global financial markets.
Sales of new single-family homes fell 2.5% last month to an adjusted annual rate of 512,000, according to the Department of Commerce.
A.M. Best Co. today downgraded Security Benefit Life Insurance Co.’s financial strength rating to A- from A.
Sun Life Financial Inc.’s U.S. division in Wellesley, Mass., today introduced Retirement Blueprint, which helps advisers expand their role with their clients.
Women want to learn about preparing for retirement, but advisers who want to attract that market need to adapt their practices.
Equity index annuities could be regulated as securities if a proposal approved 3-0 today by the Securities and Exchange Commission is finalized.
The Federal Reserve Board held the economy’s key interest rate at 2% today in a bid to keep inflation in check.
Fidelity's IRA market share is about 13.7% as of the fourth quarter of 2007, up from 12.7%, the previous year, according to Cerulli.
