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With only 51% of Americans believing they will have enough money to enjoy a comfortable retirement, an all-time low, the Country Financial Security Index fell one point in June to 63.7.

DTCC Insurance & Retirement Services has launched a new analytic reporting service for insurance carriers and broker-dealers that sell annuities.

Bankers are cautiously upbeat about their industry. Given executives' overwhelming bias toward positive thinking, however, that is cause for concern.

The Federal Deposit Insurance Corp. convened some of the best banking-policy minds on the planet Tuesday to look at how best the agency can use its new powers to unwind a large, systemically important bank.

Legal controversy has surrounded the Estate of Michael Jackson ever since he died almost two years ago. Trial & Heirs did a year in review article last year; it’s almost time for year two. You can now add a new lawsuit — over $17.5 million worth of insurance — to the list.

Bank of America Merrill Lynch will double the ranks of what it calls its Financial Solutions Advisors by year's end.

Patricia McDermott will serve as managing director and head of Citi Private Bank in Connecticut and Westchester.

In bull markets, many investors may overlook the importance of dividends. But when markets become more tentative or start to slump, dividends can look a lot more attractive and one S&P analyst found some international funds investors should be watching.

Henry Kaufman, one of the first economists to earn the now overused sobriquet “Dr. Doom” because of his generally bearish views on interest rates during the 1970s and '80s, is now warning that the conglomeratization of financial institutions, the continued securitization of non-marketable assets and the extreme leveraging which led to the most recent crash leave the global financial system vulnerable to new and potentially more devastating crises.

With only 51% of Americans believing they will have enough money to enjoy a comfortable retirement, an all-time low, the Country Financial Security Index fell one point in June to 63.7.

Deutsche Bank has rebranded five exchange-traded target-date funds, previously known as the TDX Independence Funds, as the db-X Target Date Funds.

The SEC wants to exclude the value of a client’s primary residence and any debt secured by the property when calculating a household’s net worth. What took so long?

Despite witnessing firsthand the anxiety and apprehension that many of their Baby Boomer parents are now enduring as they close in on retirement, the overwhelming majority of Gen-Xers are still not adequately preparing themselves for their own eventual retirement.

Invesco PowerShares Capital Management this week introduced a “suite” of nine new exchange-traded funds (ETFs) which it is calls Fundamental Pure Style ETFs, based upon the Research Affiliates Fundamental Index (RAFI).

It’s official. Senior ranking Wall Street operations executives must be licensed as operations professionals. The Securities and Exchange Commission has approved the Financial Industry Regulatory Authority’s request to do so, albeit with some minor changes.

California Gov. Jerry Brown’s quick veto of the budget adopted by the Legislature last week has renewed concerns about the state’s cash flow amid another long ­delay.

Is a mutual fund company responsible for the statements made in a prospectus for one of its funds? Is the manager of the fund? Possibly not, in either case.

While international regulators continue to spar over the right size of a proposed capital surcharge for the largest banks, the U.S. banking agencies are disagreeing among themselves on the issue.

Fiserv's upgrades to key processing software could remove another roadblock in the way of the many banks that want to speed up their ACH payments.

Now that its private-equity injection is almost a done deal, First BanCorp's natural next move would be to consolidate power in Puerto Rico. Unless it sells itself instead.