Diversified Investment Advisors Inc., a pension investments manager, will become a subsidiary of Aegon USA Inc. by yearend, if regulators approve.
Diversified, which is based in Purchase, N.Y., will give Aegon investment and administrative support. Aegon USA, a retirement plan sponsor with $20 billion in assets, specializes in life and health insurance as well as annuity and investment products.
With Sen. Mark Warner, D-Va., occupied on the Senate Intelligence Committee, Sen. Elizabeth Warren, D-Mass., is one step closer to leading Democrats on the Senate Banking Committee.
Anthony Gressak III, who also served as interim CEO of Nano Banc, allegedly obtained pandemic relief funds fraudulently.
Senate Majority Whip Dick Durbin, D-Ill., has scheduled a hearing on swipe fees for Nov. 19, but executives from Visa and Mastercard aren't among the confirmed witnesses for the lame duck hearing.
The Federal Reserve Board's top payments official said the agency should not move forward with its push to lower the cap on debit interchange fees until it has a better understanding of recent Supreme Court decisions.
The incoming administration has experience from its previous run, Bank of America's chairman and CEO said. He also said he would not join it.
CEO Robert Fehlman will retire at the end of the year and be succeeded by his predecessor, George Makris Jr., the Arkansas-based company said Tuesday.
