Economy & Markets
The important economic and stock market news that advisors need to know.
Swiss Re Says 2011 Was Second Costliest Year to Insurers
By Marlene Y. SatterSwiss Re's study of disasters, both natural and manmade, in 2011 showed insured catastrophe losses that reached $116 billion.
March 27, 2012
10 Best Cities for Jobs in Financial Services: 2012According to a report by Accounting Principals, a job placement agency for financial and accounting professionals, smaller markets are proving to provide big opportunities for job hunters.
March 27, 2012
Financial Repression: How Governments Punish SaversAs if on cue, Fed Chairman Ben Bernanke signaled he would take further action to keep interest rates low the day a new study on financial repression predicted the tactic.
March 27, 2012
Is Bill Gross Emotionally Tapped?One would think so from reading Gross' latest outlook, which is surprisingly subdued given his usual linguistic bombast.
March 27, 2012
Swaps Bill Offers Dodd-Frank Dodge, Consumer Group SaysAmericans for Financial Reform is coming out against the Swaps Jurisdiction Certainty Act, which was being marked up Tuesday by the House Financial Services Committee.
March 27, 2012
AIJ Chief Denies Cheating, Admits Loss Cover-upSpeaking publicly for the first time since AIJ made headlines for losing client funds, the company president, Kazuhiko Asakawa, said that while he did cover up losses of $1.3 billion, he had never intended to cheat his customers and had been confident that the firm could recover the money.
March 27, 2012
OECD Calls for Realistic Debt Targets, Higher Firewall in EUContinuing weakness in banks, rising debt levels and questionable ability to meet fiscal targets combine to create an atmosphere in need of fiscal reform.
March 27, 2012
RBS Talks Sale With Abu Dhabi RoyalsThe Abu Dhabi ruling family is in talks to purchase a stake in the government-owned Royal Bank of Scotland, according to sources close to both sides of the potential deal.