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General American Life Insurance Co., a unit of MetLife Inc., has agreed to a $3.3 million settlement of allegations of late trading in mutual funds in a variable insurance product.
August 13 -
Hartford Financial Services Group Inc., best known in the investment community for its insurance products and its variable annuities, is making steady inroads with its proprietary retail mutual funds.
August 13 -
Related Links Complete 2Q 2007 Earnings Coverage
August 10 -
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When Wells Fargo & Co. set a goal eight years ago for its investment and insurance businesses to generate a quarter of the parent's earnings, it put itself on a course that over time would run counter to a dramatic shift in banking away from proprietary mutual funds.
August 10 -
Northern Trust Corp. said it had introduced a family of target-date funds for defined contribution retirement plans.
August 10 -
American International Group Inc., a New York insurer, has announced that second-quarter net income rose 34.2% from a year earlier, to $4.28 billion, or $1.64 per share, beating estimates. Related Links Complete 2Q 2007 Earnings Coverage
August 10 -
AIG American General of Houston has launched AIG VisionMaximizer, an index single-premium deferred annuity underwritten by American General Life Insurance Co.
August 9 -
PowerShares Capital Management LLC, a Chicago investment manager, said it plans to start a family of municipal bond exchange-traded funds.
August 9 -
Bank of America Corp. said Wednesday that it has reorganized its premier banking and investments division.
August 9 -
Munder Capital Management of Birmingham, Mich., has hired Remi Browne and Daniel LeVan, formerly lead portfolio managers at Boston Co.'s international core and international small-cap investment teams.
August 9 -
DWS Scudder, the U.S. retail division of Deutsche Asset Management, has a new fund of funds, the DWS Alternative Asset Allocation Plus Fund.
August 9 -
Bank Investment Consultant
August 9 -
Morgan Stanley says it plans to double revenue from commodities trading in the next three years as rising prices spur demand.
July 31 -
Wachovia Corp.'s wealth management arm said it had hired C. Winston Wilkinson, a senior executive at Fifth Third Bank, to be private banking director for its western region.
July 30 -
Axa Equitable Life Insurance Co. has jumped on a management bandwagon that also includes companies like Citigroup, Coca-Cola, and the health insurer Humana.
July 30 -
Boston Private Financial Holdings Inc. announced the election of Deborah Foye Kuenstner and Adolfo Henriques to its board.
July 30 -
Related Links Complete 2Q 2007 Earnings Coverage
July 30
