The new business will take over certain operations from B-Ds that clear and custody their own trades.
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
Broker-dealer executives whose firms clear trades through and use the custody services of Bear Stearns Securities Corp. say that their fears have been calmed for the moment by the deal under which JPMorgan Chase & Co. will acquire parent company The Bear Stearns Cos. Inc.
Four in 10 American adults are holding off on major life decisions because they are worried about the economy.
Since the tax laws are so complex, and often inconsistent, it's no wonder that the tax treatment of investment management fees varies widely.
Judging by the heated reaction of members of Congress, Wall Street, the insurance industry, the savings-and-loan and regional-bank industries, etc., Treasury Secretary Henry Paulson's plan to revamp the nation's financial regulation is pretty good.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
The U.S. economy shed 80,000 jobs for the month, part of the longest period of decline since early 2003.
“It is a far cry from everything we need to do,” but it will help keep homeowners in their homes, Sen. Christopher Dodd said.
The U.S. economy has “all but stalled and could contract,” said Janet L. Yellen, San Francisco Fed president.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
The number of U.S. workers applying for unemployment benefits grew by 38,000 last week.
The economy could contract in the first half of this year, Ben Bernanke said in testimony today.
Wealthy donors may be more open to online relationships than charities may realize.
Two Senators have introduced bipartisan legislation to protect seniors from “unscrupulous financial advisers.”
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Where some see devastation and loss, others see opportunity.
