Hartford Financial Services Group Inc. of Simsbury, Conn., has added 14 investment options from four new money managers for the variable life insurance offerings of its individual life division.
The new money managers are Lord Abbett & Co., AllianceBernstein, OppenheimerFunds Inc., and Van Kampen Investments.
With the additions, announced Monday, the division's variable universal life insurance policies now include 52 investment options, including one fixed-income account.
Refinances drove growth of last year's lending activity, with both the volume share and average loan size coming in noticeably higher, according to IEmergent.
The recent uptick in commercial-and-industrial lending is the result of disruption in the private credit sector, one economist argues. Bank analysts say the upheaval in private credit is one factor among many.
The president's son has seemingly cut ties with the digital asset fintech ALT5 Sigma, whose shares lost 90% of their value after purchasing the tokens.
The Consumer Financial Protection Bureau finalized a new version of a small-business lending rule that took 17 years to get over the finish line. Banks are still lobbying for the rule to be repealed.
New York extracted $5 million and a broker registration from Uphold over its promotion of CredEarn, a yield product whose issuer collapsed in 2020.
Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
