I wanted to spend a bit of time on the U.S. Labor Department's proposal to place a fiduciary obligation on those who manage or provide investment advice on retirement plans. And I want to explain why …
FM Global on Friday reported net income in 2014 fell 6.2 percent to $956.4 million and gross premiums earned decreased 1.9 percent, which the company attributes – in part – to the strength of the U.S. dollar.
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank.
Brian Fowler and Richard Partington Bloomberg News