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Americans are hopeful that the environment will help rescue the struggling economy, according to a survey of 1,000 adults by Allianz Global Investors.
February 5 -
Banking stocks plummeted with the overall markets Thursday on fears of a deteriorating job market and debt troubles facing foreign governments.
February 5 -
WASHINGTON Though President Obama began a concerted push this week to encourage bankers to boost lending to small businesses, some are wondering if the government will come to regret trying to force the issue.
February 5 -
Could the "Volcker rule" be having an influence already?
February 5 -
State Street Corp. announced Thursday it has entered into settlements with the Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State to resolve investigations into losses made around certain active fixed-income strategies managed by State Street Global Advisors.
February 4 -
According to the lawsuit, Bank of Americas management intentionally failed to disclose massive losses at Merrill before shareholders approved the acquisition.
February 4 -
The settlements with Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State resolves investigations into losses from certain active fixed-income strategies managed by State Street Global Advisors.
February 4 -
The repeal of the federal estate tax has left planners trying to provide band aids to help their clients navigate some ambiguous terrain.
February 4 -
Fully 100% of the 25 private clients who SEI interviewed said that wealth management is not transparent, yet 100% of the 25 wealth management firms SEI spoke to believe transparency is important to rebuild client confidence.
February 4 -
PIMCO has launched the PIMCO Short Term Municipal Bond Strategy Fund, an actively managed exchange-traded fund. The fund will invest in high-quality, short-maturity, alternative minimum tax-free municipal bonds whose income is exempt from federal and, in some cases, state tax. John Cummings, executive vice president and head of the municipal bond desk at PIMCO, will manage the fund.
February 4 -
Investors placed $8.86 billion into long-term stock and bond funds in the week ended Jan. 27, bringing the past 46 weeks of back-to-back inflows to a total of $463 billion, the Investment Company Institute said.
February 4 -
People working in higher education are concerned about retirement but few are changing their investment strategy or planned retirement date or seeking the help of a financial adviser, ING U.S. Retirement Services found in a survey conducted in conjunction with Synovate.
February 4 -
This year, managers will have to work harder to prove their value, one executive said.
February 4 -
The Simsbury, Conn., company will work with a national network of nearly 200 third-party administrators that sell such retirement plans to nonprofit healthcare, charitable, educational and religious organizations.
February 4 -
Consumer confidence dropped 32.4% in February from a month earlier, according to the RBC Consumer Attitudes and Spending by Household Index.
February 4 -
A new gig at Highline Wealth Management allows Sobelman to take on Philadelphia. Plus, a new hire at The Hartford, promotions at Cambridge Investment Research and more.
February 4 -
The Department of Labors new rules for advice in 401(k) plans are currently under review at the Office of Management and Budget and could be released as early as the end of the month.
February 4 -
Defined benefit plans delivered an average return of 10.13% between 1995 and 2007, whereas 401(k) plans rose an average of 9.06% a year, according to a report released Wednesday by consulting firm Towers Watson. While that differential is just over one percentage point, the six largest DB plans analyzed outperformed the six smallest by three percentage points in that timeframe.
February 4 -
Speaking at the National Institute on Retirement Security in Washington, Putnam President and Chief Executive Officer Robert L. Reynolds urged Congress and the Obama administration to strengthen all of Americas retirement savings systems, public and private.
February 4 -
Swiss bank launched 49 ETFs in Europe last year
February 4
