Subject Root Tag

The deal, which is expected to close by the end of this year, would be the largest in AIG’s ongoing restructuring efforts.

The new hires bring an expertise in fixed income, including corporate bonds and mortgage-backed securities.

The law firm of Berman DeValerio has filed a class-action lawsuit against broker/dealer PrimeVest Financial Services and two of its subsidiaries for allegedly overcharging investors nearly $5,000 in sales charges on Class A mutual funds by failing to apply sales breakpoint discounts.

U.S. News Media Group has created an online portal scoring 4,500 funds by integrating the rankings of Morningstar, Lipper, Zacks, TheStreet.com and Standard & Poor’s.

After adding 18 wealth managers in the Southeast in the past five months, Wilmington Trust Corp. plans to continue to expand in the region as it looks to cross-sell more products and services to its existing customers.

Advisors believe many Americans could need double or triple their savings targets.

Less than half of advisors bill for advice on outside accounts.

Bruce Ferris, senior vice president of sales and distribution for Prudential Annuities, he has heard all the objections from wholesalers and advisers concerning variable annuities.

On Wednesday's split 3-2 vote along party lines, the Securities and Exchange Commission approved new restrictions on short sales that aim to improve investor confidence in the markets.

UMB Promotes Macdonald, Outridge to EVP, COO

Fidelity Investments expects its retirement assets to continue to increase this year as both employers and employees become more engaged with 401(k) plans.

Vice President Joe Biden unveiled the Middle Class Task Force's new report on the middle class Friday, in which he outlined plans to offer automatic Individual Retirement Accounts to most Americans, provided clarification for giving advice to plan participants, and offered a proposal to allow plans to provide guaranteed retirement income products.

Fidelity International has fired two Hong Kong-based fund managers for what it said were breaches of its ethics policy.

Combined assets in the nation's mutual funds decreased by $234.5 billion, or 2.1% to $10.886 trillion in January, according to a survey by the Investment Company Institute.

WASHINGTON — State regulators shut two banks on Friday, bringing the year's total failures to 22.

The creation of another high-profile investment group intent on buying failed banks is leading some to wonder if there are too many sharks circling the Federal Deposit Insurance Corp.

WASHINGTON — Regulators were picked apart Friday by members of two House committees, who blamed them for a dramatic drop in lending and urged them to ease up on bankers.

Critics claim it will hurt securitizations, limit flow of credit

Combined assets in the nation's mutual funds decreased by $234.5 billion, or 2.1% to $10.886 trillion in January, according to a survey by the Investment Company Institute.

Vice President Joe Biden unveiled the Middle Class Task Force's new report on the middle class Friday, in which he outlined plans to offer automatic Individual Retirement Accounts to most Americans, provided clarification for giving advice to plan participants, and offered a proposal to allow plans to provide guaranteed retirement income products.