Turnkey Asset Management
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Allianz SE Loses Profits as PIMCO Helps Unit Double Earnings
By Janet LevauxAllianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.
August 02, 2010
Principal Financial Q2 Earnings DisappointDespite remaining in the black during the economic downturn, Principal Financial Group, Inc. reported disappointing second quarter earnings on Monday, August 2.
August 02, 2010
Principal Financial Q2 Earnings disappointDespite remaining in the black during the economic downturn, Principal Financial Group, Inc. reported disappointing second quarter earnings on Monday, August 2.
July 29, 2010
Nuveen Acquires First American Funds AdvisorsNuveen Investments announced Thursday, July 29, that it had acquired the long-term asset business of First American Funds Advisors (FAF) from U.S. Bancorp in exchange for a 9.5% stake in Nuveen and an undisclosed amount of cash.
July 28, 2010
Ameriprise Financial Improves Earnings on Lower FA HeadcountAmeriprise, which includes Securities America, now has 11,684 advisors vs. 12,508 in the same year-ago period.
July 27, 2010
Deutsche Bank Q2 2010 Earnings Were $2.27 vs. $2.12 in Q2 2009, Matching EstimatesDeutsche Bank, Germany's biggest bank, reported second-quarter net income of $1.55 billion (EUR 1.2 billion) versus $1.42 billion in second-quarter 2009, the Frankfurt-based company announced Tuesday, July 27.
July 26, 2010
Knight Capital to Buy Astor Asset ManagementElectronic-trading group is buying Astor for about $20 million in cash and stock.
July 26, 2010
Electronic Trading Group Buys Asset ManagerKnight Capital Group, Inc. is getting into the business.