cat-imageFinance

Lawsuit questions conduct of Madoff victims' lawyer

A new lawsuit accuses a lawyer representing hundreds of victims defrauded by Bernard Madoff of cheating her own clients through overbilling, discouraging settlements and having conflicts of interest.

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Column: To the year-end checklist, add mandatory retirement withdrawals

Nothing good lasts forever, and so it is with tax-deferred retirement saving - that is, the deferred part.

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U.S. Securities and Exchange Commission ratifies administrative law judges

The U.S. Securities and Exchange Commission said Thursday it had ratified the prior appointment of its administrative law judges.

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U.S. regional banks delve deeper into advisory services to boost growth

Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive revenue growth.

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Rising Medicare costs leave many U.S. seniors with a flat COLA

Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better.

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Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt

The prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also energized leftist groups&he...

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Global banks flag concerns over U.S. Senate tax proposal

Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could hurt the banking…

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Wells Fargo consumer lending head axed after disparaging regulators: source

Wells Fargo & Co fired Franklin Codel, its head of consumer lending, over a conversation he had with a former employee about compensation in which he disparaged U.S. regulators, a person familiar w...

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Wells Fargo dismisses consumer lending head Codel

Wells Fargo & Co has fired its head of consumer lending over unsuitable communications he had with a former employee, the bank said on Friday, the latest upheaval at a lender roiled by scandal for&...

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Hedge fund bet on Glencore backfires with $100 million loss

London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that b...

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Wells Fargo dismisses consumer lending head Franklin Codel

Wells Fargo & Co said on Friday Franklin Codel, a senior executive vice president and head of its consumer lending organization, has been dismissed, effective immediately.

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