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Until recently, Scott Johnson didn’t have much good economic news to report to his wealth management clients, as declining financial markets took their toll on asset values in the past couple of years. However, the …
Legacy Bank must develop a profit-earning strategy that will carry it through the end of the year and make other improvements to its capital position, according to a consent order with the Federal Deposit Insurance …
Federal Reserve Chairman Ben Bernanke said today that the government must avoid imposing burdensome rules on financial companies as it carries out the largest regulatory overhaul in seven decades, Bloomberg reported.
“No one’s interests are …
American Equity Investment Life Holding Co. reported first-quarter operating income of $30.6 million, an increase of 19 percent from the first quarter of 2010.
The West Des Moines-based company reported annuity sales of $1.3 billion, …
FBL Financial Group Inc. announced yesterday the refinancing of its $100 million senior notes with a rate of 9.25 percent, due Nov. 5. They are being replaced by $100 million senior notes with a rate …
The Securities and Exchange Commission (SEC) charged UBS Financial Services Inc. with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states. UBS has agreed to pay $47.2 million that will be returned …
Barrie Christman, vice president of individual investor services at Principal Financial Group Inc., will be a panelist at the Investment Company Institute’s Individual Retirement Account (IRA) Research Summit on May 11 in Washington, D.C. She …
Wells Fargo & Co.’s annual meeting Tuesday in San Francisco was more tumultuous than usual, as angry shareholders called for the bank to adopt an immediate foreclosure moratorium and waive principal on troubled mortgages, the …
Marsh & McLennan Companies Inc. reported first-quarter net income of $325 million, a 31 percent increase from $248 million last year. Earnings per share increased 29 percent to 58 cents from 45 cents. Income from …
Principal Financial Group Inc. reported operating earnings of $231.8 million for the first quarter, the company announced yesterday, compared to $221.4 million for the first quarter of 2010.
Net income available to common stockholders was …
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