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Global growth last year: a massive 45.2%

Bank life insurance sales growth has far exceeded overall industry growth for the second quarter in a row.

The financial services company may also be increasing its upfront awards in an effort to attract and retain top talent.

In an effort to capitalize on what some have dubbed “the Year of the Roth,” Huntington Bancshares’ wealth management arm is planning a direct-mailing campaign for a targeted group of customers.

According to Grant Thornton LLP’s 17th Bank Executive Survey, which was conducted with Bank Director magazine, 82% of bank executives polled said that the number of people their bank employs will either increase or remain the same in the next six months.

Basing the awards on superior risk-adjusted results and shareholder stewardship, Morningstar has named its Fund Managers of the Decade, bestowing the honors on PIMCO’s Bill Gross, Fairholme’s Bruce Berkowitz and Oakmark’s David Herro, respectively, for fixed income, domestic equity and international equity.

Among the many metamorphoses the advent of taxable Build America Bonds was anticipated to induce in the tax-exempt municipal bond market, one of the most important was the flattening of the yield curve. It has not happened yet.

Aames, who starred on TV and in film, recently appeared on the VH1 reality TV show “Broke and Famous: Willie Aames” to discuss his own financial troubles.

The funds span a wide range of asset classes and sectors, including equity, fixed income, real estate and specialty securities.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

The ongoing impact of the financial crisis, coupled with the specter of greater governmental oversight, will color the outlook for the life insurance industry in the year ahead, according to New York-based Ernst & Young’s Global Insurance Center 2010 U.S. Outlook.

Brian Moynihan reassigned several Bank of America Corp. executives Tuesday, less than a month after being named the chief executive.

Bankers will get one more credit-quality mulligan in the fourth-quarter earnings season kicking off this week — but expectations will rise afterward.

The Federal Deposit Insurance Corp. unveiled its plans Tuesday to tie bank compensation practices to premium assessments, but the agency's outside directors made it clear they oppose the idea.

The Securities and Exchange Commission announced Tuesday that it has filed new charges against Bank of America Corp. for failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote approving the acquisition of Merrill.

Sponsors of 401(k) plans are determined to get their plans back on track in 2010 to avoid future market pitfalls, starting by taking a hard look at investment offerings and fees, Callan Associates found in its 2010 Defined Contribution Trends Survey.

As wealthy customers have started to reevaluate their financial situations, financial advisers at PNC Wealth Management have increased and improved their conversations with wealthy clients in an effort to retain and expand relationships.

Asset Management Finance lends $100 million.

Investors will continue to reallocate cash into the markets.

The advisors allegedly overstated the value of two hedge funds by as much as $160 million.