A trader works in the Goldman Sachs booth on the floor of the New York Stock Exchange. Goldman and MetLife will have to disclose how diverse their work forces are under an agreement with the New York City Comptrollers office. Studies show that companies with the most diverse work forces, ...
NEW YORK (CNNMoney) — Raising an autistic child can take a tremendous financial toll, even when insurance helps cover some of the costs. Kim and David Picciano’s three-year old son, Colton, was diagnosed with autism eight months ago and they pay roughly $1,000 out of pocket each month for all ...
THE Food and Drug Administration vets new drugs before they reach the market. But imagine if there were a Wall Street version of the F.D.A. — an agency that examined new financial instruments and ensured that they were safe and benefited society, not just bankers. How different our economy might ...
The Federal Reserve is expected to release this week new details on the kinds of financial buffers bank should have. WASHINGTON (CNNMoney) — The Federal Reserve is expected this week to release a set of proposed rules detailing how much reserve capital big banks will need to keep on hand ...
My father has opened a 529 college savings plan for my son. He would like to add me as power of attorney on the account, but I don’t want the account to be on the financial aid application once my son applies to school. Will his 529 be counted in ...
WASHINGTON: The United States and China have diametrically opposing views on the International Monetary Fund’s financial resources. Washington sees adequate firepower, whereas Beijing says it may be insufficient in the face of the eurozone debt crisis. “As the European sovereign debt crisis unfolds, demand for IMF financing from its members ...
MUMBAI: Foreign funds dumped stocks, global policymakers tried to calm down markets and the rupee hovered dangerously close to 50, but the Reserve Bank of India, or RBI, refrained from intervening aggressively in the market to support the local currency. Across markets, traders were not impressed by the Group of ...
NEW YORK — It was a bumpy summer for credit card issuers, but most of the top banks reported that their customers continued to make their payments on time. Default rates were down at four of the five companies that reported their August results by midday Thursday. Only Capital One ...
Social networking giant Facebook has become the latest tech company to get cold feet about a public offering, according to a report on the Financial Times’ website Wednesday. The newspaper said the highly anticipated IPO would happen towards the end of next year, instead of in the spring, as many ...
Fears about Europe’s deteriorating finances intensified on Sunday as new doubts about the health of French banks, as well as Germany’s willingness to help Greece avert default, left investors bracing for another global stock market downturn this week. In Greece, the epicenter of the Continent’s financial disarray, government officials announced ...
ROME — After weeks of uncharacteristic and increasingly unsettling silence, Prime Minister Silvio Berlusconi is expected to address Parliament about the economy on Wednesday. On Tuesday, the financial markets pummeled Italy, sending interest rates on its benchmark 10-year bond well above 6 percent. Most alarming to economists is that Italy’s ...
The legal and financial troubles for Rupert Murdoch’s News Corp. are escalating on the eve of the media tycoon’s showdown appearance before a House of Commons committee Tuesday morning. Law enforcement sources tell NBC News that U.S. Justice Department officials in recent days have reached out to British ...
MDS Financial Group has bought the assets of collapsed broker MINC Financial Services, including a retail client list, an online trading operation and three offices, for an undisclosed sum. MINC appointed PKF as voluntary administrators less than a week ago and two weeks ago MINC’s founder, Mark Morris, handed back ...
CREDIT Suisse has made a key appointment in its investment bank, poaching Mark McLean from rival Deutsche Bank to head up its Financial Institutions Group in Australia, say sources. McLean is on gardening leave and is moving to Australia from London where he was based with Deutsche. He will start ...
It is a question asked repeatedly across America: why, in the aftermath of a financial mess that generated hundreds of billions in losses, have no high-profile participants in the disaster been prosecuted? Answering such a question — the equivalent of determining why a dog did not bark — is anything ...
NEW YORK — Financial companies pushed stock indexes higher Tuesday on signs that large banks may soon raise their dividends. Bank of America Corp. rose 4.2 percent, the most of the 30 stocks that make up the Dow Jones industrial average, after analysts noted that the bank will likely increase ...
By Walter Updegrave, senior editorFebruary 18, 2011: 5:37 PM ET (Money Magazine) — My financial adviser recently moved to another company and has invested my IRA in a program he calls “active trading.” He assures me that the professionals doing the trading know how to make considered movements based on ...
