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INDUSTRY NEWS MAY 13, 2008
Société Générale, Fortis

French banking giant Société Générale earned $1.69 billion, down from $2.2 billion a year ago, but beating analyst estimates.

INDUSTRY NEWS MAY 13, 2008
Some retail sales up in April

Despite sky-high gas prices and a weakening job market, some retail spending rose last month.

INDUSTRY NEWS MAY 12, 2008
Bill to alleviate student loan crisis awaits Bush's signature

The College Savings Foundation's summit meeting of experts on college savings, loans and financial aid in Washington next week could not have been better-timed.

LIFE INSURANCE AND ANNUITIES MAY 12, 2008
Bank-owned life insurance at record levels

Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.

INDUSTRY NEWS MAY 12, 2008
MBIA, Evercore and Stifel

Leading bond insurer MBIA Inc. lost $2.4 billion, or $13.03 per share, in the first quarter.

BROKER DEALERS MAY 12, 2008
Berthel Fisher's president, Jeff Auld, exits the firm

Jeff Auld, the president of Berthel Fisher and Company Financial Services Inc., has left the company for personal reasons.

OPINION MAY 12, 2008
Wanted: An economically savvy candidate

What this country needs is a presidential candidate who understands and cares about economics.

LIFE INSURANCE AND ANNUITIES MAY 12, 2008
Insurance carriers gear up for VA product season

As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.

LIFE INSURANCE AND ANNUITIES MAY 12, 2008
Report: AIG unit mulls split

One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.

INDUSTRY NEWS MAY 12, 2008
SMAs continue to win over advisers despite drop in growth

In the midst of a pause in a decade-long growth spurt, the separately managed accounts industry continues to win over independent financial advisers, many of whom are generally wary of the products' complexity.

INDUSTRY NEWS MAY 09, 2008
Americans warily optimistic about economy

More consumers had a positive outlook about the economy, even as concerns about job security grew.

INDUSTRY NEWS MAY 09, 2008
Stifel nabs three reps from Wachovia

Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.

INDUSTRY NEWS MAY 09, 2008
Happy days are near again, says Dimon

The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.

INDUSTRY NEWS MAY 09, 2008
Trade gap narrows in March

The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.

LIFE INSURANCE AND ANNUITIES MAY 09, 2008
States take shots at STOLI

Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.

INDUSTRY NEWS MAY 09, 2008
Lower net at Gamco, loss at SMH

Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.

LIFE INSURANCE AND ANNUITIES MAY 09, 2008
American International Group, Allianz

AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.

INDUSTRY NEWS MAY 08, 2008
Fortress, Conseco, Nationwide and more

Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.

LIFE INSURANCE AND ANNUITIES MAY 08, 2008
Conseco to pay $2.3M for bad practices

Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.

LIFE INSURANCE AND ANNUITIES MAY 08, 2008
Conseco to pay $2.3M for bad practices

Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.