Portfolio

FaithShares Advisors believes investors can have faith and strong financial performance. And now the firm has the initial returns from its Christian exchange-traded funds to prove it.

The business model for independent brokerage firms is under threat, calling into question the livelihood of over 178,000 registered representatives.

The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.

MetLife Inc. plans to pay American International Group Inc. $8 billion in stock and the remainder in cash for American Life Insurance Co., as the two sides negotiate what could be a roughly $15 billion deal, reports Marketwatch.

WASHINGTON — With the economy showing signs of recovery, Federal Reserve Board Chairman Ben Bernanke gave more clues Wednesday to how the central bank will return to normal and made clear that financial institutions are central to his plans. Federal Reserve Board, Ben Bernanke, House Financial Services Committee, Rajeev Dhawan, Economic Forecasting Center

Three months after stepping down as the chief executive of Royal Bank of Canada's U.S. operations, Scott Custer is gearing up to build a new bank spanning the Carolinas and Virginia.

Bank of America Corp. expects “significant” growth in 401(k) assets this year, but analysts are skeptical about where and how the banking company can expect to generate new business.

Total assets in the U.S. exchange-traded funds fell 5.8%, or $45 billion in January from a month earlier, according to monthly data from State Street Corp.

Affiliated Managers Group has reached an agreement with Russell Investments to acquire Russell subsidiary Pantheon Ventures for $775 million, with the potential for additional payments over the next five years, contingent on Pantheon’s growth.

The financial crisis has made a permanent impression on American consumers, who are likely to save 6% or more of their income over the next decade, translating to as much as $800 billion stashed away each year, according to a new study by Allianz Group.