Neither Sen. Barack Obama nor Sen. John McCain possesses a solid sense of the economy political commentator Tucker Carlson told attendees of the National Association of Personal Financial Advisers conference today.
Ameriprise Financial Inc. has defeated a group of advisers who sought a class action alleging that, because the company recently changed its name, the power of its brand had been diminished.
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Overall individual-annuity sales grew 4% during the second quarter, buoyed by a spike in fixed-annuity sales, according to Limra International Inc.
Worries about bank failures and the stability of other financial institutions are all over the news lately.
Two former Credit Suisse brokers were charged today with defrauding their customers by making more than $1 billion in unauthorized purchases of subprime-related auction rate securities.
Small-cap companies in the Russell 2000 Index climbed 3.6% during August, turning out a positive return for every sector, according to Russell Investments of Tacoma, Wash.
Facing jail time, a former branch manager for Banc of America Investment Services Inc. and A.G. Edwards & Sons Inc. owes two former clients $4.5 million after losing an arbitration claim last month.
Insured losses from Hurricane Gustav were not large enough to affect the creditworthiness of the insurance and reinsurance industries, S&P said.
Retail ownership of U.S equities is at a record low, according to The Conference Board Inc.
Ladenburg Thalmann continued its expansion into the independent-contractor B-D industry by snagging two managers from Ameriprise Financial.
The market for alternative investments among retail investors may not be as robust as the industry anticipates, according to recent survey conducted by Keefe Bruyette & Woods Inc.
Recent regulatory settlements by Citigroup Inc. and other big banks have set the tone for what corporate investors can expect from the auction rate securities mess.
Good information on how to use alternative, hedge-fund-like, retail-oriented investments is hard to come by, according to industry experts, but some asset managers are hoping to change that.
Over a third of parents have slowed or stopped saving for their children's education as they struggle with higher food and energy costs, a survey from TD Ameritrade Holding Corp. suggests.
Personal incomes fell 0.7% in July, marking the sharpest decline since incomes dropped 2.3% in August 2005.
The package includes 2 trillion yen ($18 billion) in rebate checks that will be sent to Japanese citizens.
Confidence among U.S. consumers inched up in August as the prospects for the overall economy improved — but consumers continued to fret about their personal finances.
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
