MetLife Inc., the largest U.S. life insurer, said first-quarter profit
climbed 20% on higher international revenue and investment income after
buying a unit from AIG.
UBS AG agreed to pay $160.2 million to
settle charges it rigged bids on at least 100 U.S. municipal-bond
transactions that generated "millions of dollars in ill-gotten gains."
Prudential Financial Inc., the second-biggest U.S. life insurer, said
first-quarter profit decreased 13% on losses tied to derivatives.
Republican lawmakers say they are ready for the backlash against their 2012 budget that slashes spending for Medicare, education, job training and socials services.
Silver futures fell, heading for the biggest three-day drop since 2008,
and gold also retreated amid a report Soros Fund Management LLC sold
precious-metal assets.
The Justice Department is reviewing a U.S. Senate panel report that
said Goldman Sachs Group Inc. misled clients about the firm's bets on mortgage
securities.
With U.S. home prices back down to their 2009 lows, you might be
wondering what all the government programs to stabilize the housing
market have accomplished.
After enduring Europe's credit crisis and Japan's nuclear disaster, investors are unlikely to view the death of Osama bin Laden as anything but
bullish.
by Mike Byrnes
A new LinkedIn mapping tool gives users a graphic representation of their network of contacts.
A St. Louis broker pleaded guilty to embezzling $3.9 million from members of his own orthodox Jewish community and spending some of the cash at strip clubs.
by Daniel S. Choquette
This Putnam manager thinks there is little risk of the United States losing its AAA rating
status even with political gridlock over the next several quarters.
by Dan Slivjanovski
Differentiation in the financial advisor space is subtler than it used to be, lying in the softer side of the client experience.
by James Frederick And Evan Simonoff
After watching two market meltdowns, Generation X and Y are confused and see themselves as savers, not investors.
by Daniel Bernstein
The greatest problem with client agreements today is the shortcut approach too many advisors take.
by Andrew Gluck
Who regulates financial advisors may shift. Here's a look at the positions various groups are taking on fiduciary standards.
by David Lawrence
Here are the pros and cons of using an automated system for this arduous task.
by Mitch Anthony
Teddy's philosophy about money is something I'll always remember.
by
Karen DeMasters
Two St. Louis entrepreneurs have worked financial advice and employee assistance in to the same service.
by Matt Greco
Rich and poor are worried about money. A group of financial planners and psychotherapists has formed to discuss issues of common interest.
by
Eric Rasmussen
Personal trust assets are moving out of the longstanding grip of bank trust departments. It's the independent RIAs' game to lose if they don't step up.
