The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
The Massachusetts Turnpike Authority and the Massachusetts Housing Partnership will be repaid $18 million and $25 million, respectively.
The New York-based ratings agency upgraded BlackRock's long term corporate credit rating to AA- from A+.
The National Association of Independent Life Brokerage Agencies has announced its opposition to the SEC's regulation of fixed indexed annuities as securities.
Attorney General Andrew Cuomo is investigating how a close business relationship between Fidelity Investments and Goldman Sachs affected auction rate securities transactions.
Inflation may fail to moderate unless monetary policy is tightened "sooner than currently anticipated by financial markets.”
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
The Rydex AdvisorBenchmarking Inc.'s Advisor Confidence Index rose 13% in August to 97.06, from 86.27 in July.
Affiliated Managers Group Inc. is buying the parent company of the Aston mutual fund family in an all-stock deal worth nearly $114 million.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
In a market roiled with trouble and strife, advisers who keep assets under custody with Schwab Institutional appear to be picking up clients from wirehouses and do-it-yourself investors at a prodigious rate.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
This is "one of the most challenging economic and policy environments in memory,” the Fed chief said today.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
Two proposed rules are designed to enhance access to financial advisers by DC participants and IRA holders.
