AIG Promotes Peter Hancock to CEO
Hancock, head of property-casualty, will replace Benmosche Sept. 1.
The Retirement Apocalypse That Isn’t Coming
Fears of a looming retirement crisis are overblown, Ben Steverman says in the blog Ventured & Gained.
World Economy Stabilizes in ‘Great Moderation 2.0’: JPMorgan
Low market volatility and minimal employment variability means good news for equities, a JPMorgan analyst says.
Motif Launches Products to Help Advisors Compete With Robo-Advisors
A “robo-advisor is a robo-allocator, they don’t really give advice," says Motif's Hardeep Walia.
Criminal Charges Against Banks Risk Sparking Crisis
Even a threat of a hearing may prompt clients to "lose confidence" in an institution and even "cause a run" on a bank, one expert says.
Sales of Existing U.S. Homes Fall for Third Straight Month
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
Morgan Stanley Beats Estimates on Fixed Income Surprise
A jump in fixed-income results helped Morgan Stanley post the only increase in trading revenue among the six biggest U.S. banks this year.
Citigroup Shares Rise as Profit, Revenue Beat Estimates
Citigroup Inc. rose as much as 4.6%, the most in more than 15 months, after the bank posted a surprise increase in first-quarter profit and revenue.
The Best SEC Speech Ever
An SEC lifer retires, and blasts the agency's 'broken-windows' strategy and revolving door to Wall St.