With life expectancies going up, insurance premiums are coming down. Since 2000, term-insurance premiums have dropped by more than 4 percent a year, according to the Insurance Information Institute, an industry trade group.
A federal judge gave final approval to a $33 million class-action settlement on Wednesday between Citigroup and current and former female financial advisors.
Oftentimes, estate planners and elder law attorneys are faced with the challenge of trying to protect an aging client who is gradually descending into dementia or becoming emotionally needy, making him vulnerable to unscrupulous caregivers...
As you know, UBS reported a larger-than-expected second-quarter loss of $327 million today. Contributing to the dismal result was another $5.1 billion in U.S. mortgage related write-downs.
When asked about the millions of dollars missing from his clients’ accounts, Michael J. Park, a Brentwood, TN stockbroker, didn’t offer much of an explanation.
Citigroup reached a settlement with the SEC and the New York Attorney General, Andrew Cuomo, Thrusday over allegations that the firm made misrepresentations in its marketing and sales of auction rate securities to clients.
Citigroup may soon eat $8 billion worth of failed auction rate securities it sold to clients, and get slapped by the SEC with a $100 million fine, according to a report from Bloomberg that cites people familiar with the case.
Socially responsible investing (SRI), however one defines it, has been getting serious traction from investors in recent years. But do you, or your clients, really know where those SRI dollars are going? It’s a question worth asking.
Lehman Brothers may be considering shopping around $30 billion in beat-down commercial mortgage-related assets, according to a report in the New York Post from last Friday, which cites anonymous insider sources.
