NEW YORK — Insurers are launching marketing blitzes to win the investible assets of the wealthy, but many will fail because they don’t understand how rich people think, some consultants say.
The Women’s Retirement Security Act of 2007 was introduced in the Senate yesterday In an effort to help women save for retirement.
For the second time in as many months, a Mideastern investor has acquired what it called a “substantial” stake in British bank HSBC Holdings PLC, according to published reports.
JPMorgan Chase & Co is reviewing security protocols after a video posted online showed someone displaying documents found in trash cans containing customers' personal information, according to CNN.Money.com.
Allianz SE noted that first quarter profits grew a hefty 80%, but results were enhanced from the sale of shareholdings in Germany. Net income crested at 3.2 billion euros ($4.35 billion) from 1.78 billion euros in the same period a year ago, reported Bloomberg.
Citigroup Inc. is looking to connect with its clients in a new ad campaign.
RBC Capital Markets has announced that it agreed to acquire Seasongood & Mayer LLC, a Cincinnati-based public finance firm and underwriter of municipal debt.
Thousands of protesters – some bearing signs asking “Is your Fidelity 401(k) funding genocide?” -- gathered in Boston’s Government Center Sunday to protest Fidelity’s investment ties to Sudan.
Bank of America Corp. has threatened to take legal action against ABN Amro Holding NV should it make any attempt to block its plans to buy LaSalle Bank Corp., ABN's Chicago-based subsidiary, according to the Financial Times.
Universal life insurance captured a 40% share of the overall life insurance market for the first time last year and is expected to continue its strong showing, industry experts say.
Congress is beginning to refocus its retirement savings policy-making efforts on finding ways to help Americans of modest means save for retirement, as well as trying to help people get better returns from their retirement savings plans.
CHICAGO — Even though tax season just wrapped up, financial advisers and tax specialists say that it isn’t too early to help clients try to avoid the alternative minimum tax for 2007 returns.
The Hartford Financial Services Group Inc. announced today that earnings rose 20% in the first quarter to $876 million, from $728 million for the same period a year earlier.
Financial service professionals who provide portfolio management, asset allocation and financial advice should be regulated as investment advisers, six organizations said in a letter to Securities and Exchange Commission Chairman Christopher Cox.
A group of banks led by the Royal Bank of Scotland today offered over $98 billion for ABN Amro, trumping the $90 billion offer by London-based Barclays PLC announced earlier in the week, according to published reports.
Merrill Lynch & Co. Inc. today announced that it will buy a nearly $3 billion stake in Resona Holdings Inc., Japan's fourth-largest bank, according to published reports.
Aflac Inc.’s net income increased 10.9% in the first quarter, despite lagging sales in Japan, the Columbus, Ga.-based insurance company reported.
The U.S. Department of Labor is seeking comments about fee disclosure for 401(k) plans and other defined contribution plans.
UBS AG today launched a global warming index based on weather futures for 15 U.S. cities that is being traded on the Chicago Mercantile Exchange.
Health savings accounts are more than four times more popular with employers in a swath of Wisconsin than in the United States as a whole
