History shows that after the Federal Reserve hikes rates for the first time, this happens to the stock market.» Read More
MINNEAPOLIS-- Ameriprise Financial Inc. said Wednesday its third-quarter net income dropped nearly in half as the company recalculated how much its insurance and annuities were worth.
Check out which companies are making headlines after the bell Wednesday.
HONG KONG, Oct 11- ING Investment Management's Asia Pacific Chief Executive Officer Grant Bailey is leaving the company, Bailey said on Thursday. Bailey's departure comes as ING is engaged in advanced talks to sell its Asian investment management business as part of the Dutch financial services firm's strategy of divesting assets.
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NEW YORK, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. RUSSELL PRICE, SENIOR ECONOMIST, AMERIPRISE FINANCIAL, DETROIT. ECONOMIST, RBC CAPITAL MARKETS, NEW YORK.
The company appointed Anne Donahue to New York market leader for the private client reserve of US Bank. The bank also appointed Lynn Maaske as vice president and wealth management adviser for the private client reserve in St. Paul. The firm added Al Weaver and John Worcester to its advisor force in Massachusetts.
NEW YORK, Oct 4- So far this year, top U.S. brokers managing more than $86 billion in client assets have decamped for a rival firm or decided go it alone- a troubling trend for big brokerages as teams with larger books of client assets depart. Morgan Stanley Wealth Management and Bank of America's.
They generated more than $1 million in annual revenue last year at Morgan Stanley Wealth Management, the brokerage formed out of the merger of Morgan Stanley's wealth business and Citigroup's Smith Barney in 2009..
Not only has standard inflation steadily eroded the real value of a $100,000 income, but the cost, of housing, health insurance and college tuition have risen dramatically in recent years.
Check out which companies are making headlines after-the-bell Monday:
Deutsche Bank has launched the sale of its global asset management business following a strategic review, putting a price tag of about 2 billion euros ($2.6 billion) on it, the FT reports.
European stocks were called slightly higher on Friday tracking Asia overnight where shares and the euro climbed as investors were calmed by better-than-expected economic data from the US.
Ameriprise Financial examined where consumers are most confident about retirement. Many expressed a nagging sense that they hadn’t saved enough money to keep them afloat. They’re right to worry, but they still have time for corrections.
Nearly all of the biggest financial companies have settled fraud cases by promising that they would never violate an antifraud law, only to have the Securities and Exchange Commission conclude they did it again a few years later, the New York Times reports.
What follows is a roundup of corporate earnings reports for Monday, April 25.
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Even with the US unemployment rate mired at 9.7 percent, the jobs picture for the world's financial center appears to be improving.