New Hire Roundup: Beale, Kayajanian Join Security Benefit; DOL Picks New ERISA Council Members
This week in new hires, Security Benefit welcomed George Beale and Jeffrey Kayajanian, CapWealth named Phoebe Venable president and COO, and the DOL named five new ERISA Advisory Council members.
German Unemployment Up for Sixth Month
Still, unemployment was near its lowest level since reunification, and the overall rate held steady at 6.8%.
BOJ Boosts Stimulus, but Markets Unconvinced
Despite actions taken by the BOJ to boost asset-buying by an additional 10 trillion yen ($124 billion), and a pledge to buy longer-term government bonds, markets shrugged off the move and chalked it up to pandering to political pressure rather than a genuine effort to combat deflation.
401(k) Strategies Even the Lazy Can Love: ASPPA Summit
Workplaces that make employees opt out of retirement plans instead of opting in have 90% participation rates.
ECB Likely to Wait for Debt Deal on Greece
Any concessions the European Central Bank may choose to make on Greece’s sovereign debt are likely to remain unknown until Athens comes to some sort of agreement with its private debt holders.
Italy's ‘Awful’ Debt Sale Doesn't Ease Crisis
Italy managed to sell 10 billion euros’ ($13.2 billion) worth of sovereign bonds on Friday in an "awful" auction, but that’s about the only good thing that can be said about the event, according to experts.
Changes in Italy, Greece Fail to Reassure Markets in Europe
Trading in Europe on Tuesday showed that the presence of Prime Minister-designate Mario Monti in Italy, and new leader Lucas Papademos in Greece, has failed to reassure investors; stocks and the euro were both down.
Surprise: Many Men Would Rather Manage Money Than Watch Football
A report released Tuesday by ING DIRECT, a subsidiary of ING, and Men’s Health found that 42% of men spend more time working on their personal finances than they do watching sports.
Japan Takes Steps to Weaken Yen
In response to a move by Switzerland on Wednesday to weaken the Swiss franc, Japan found itself forced to intervene on behalf of its own currency on Thursday for the third time in less than a year, selling an unspecified quantity of yen on the market.
ING Posts $1.7 Billion Q2 Profit
Amsterdam-based ING on Wednesday, August 11, released second-quarter earnings, posting a $1.7 billion net profit for the company, beating analyst estimates of $878 million.