Wall Street’s 15 Biggest Spenders on Lobbying in Washington
Wall Street banks, financial services firms and trade associations spent $1.4 billion in the 2013-2014 election cycle, according to Americans for Financial Reform.
Top Portfolio Products: China Bond ETF From Global X
AssetMark adds donor-advised fund, while Franklin Templeton launches Social Security optimizer tool.
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICI
Meanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
Records set for Dow industrials, S&P after Labor Dept. reports 288,000 new jobs in June and Mario Draghi reveals European stimulus plans.
AIG Promotes Peter Hancock to CEO
Hancock, head of property-casualty, will replace Benmosche Sept. 1.
Prudential, MetLife Gain After Senate Eases Dodd-Frank for Insurers
Prudential and MetLife rallied after the Senate approved a bill giving Federal Reserve regulators more flexibility in applying capital rules to the biggest life insurers.
AIG Seeks to Add 600 Advisors in Annuities Push
AIG plans to add 600 advisors in a push to increase sales of retirement products as some rivals retreat from annuities.
Top 10 Biggest U.S. Banks With Best Reputations
Dix & Eaton, a 60-year-old communications consultancy, identified nine critical value factors that drive the reputation of financial institutions, and ranked the nation’s 10 largest bank holding companies in terms of each.
AIG Adds $1.5B to Government Payback
AIG’s remaining debt to the U.S. government is about $45 billion after paying an additional $1.5 billion to the U.S. Treasury Department, the company says.
MetLife Fills Reverse Mortgage Void to Hedge Against Insurance Industry Contraction
MetLife is taking full advantage of the recent decisions by Wells Fargo and Bank of America to leave the reverse mortgage market. But industry watchers are wondering why.