Mnuchin Warns Against Bitcoin Becoming the Next ‘Swiss Bank Account’
U.S. Treasury chief warns against a new 'Swiss bank account'; no concern about Russia’s use of virtual money.
JPMorgan’s Quarterly Tax Pain Should Lead to 2018 Gains
Bank could see earnings balloon by $3.5 billion based on cuts; trading revenue falls 26%, fueled by drop in fixed income.
Deutsche Asset Management Expands High-Yield ETF Suite: Portfolio Products
Solactive also expands its high-yield products, developed as a basis of Deutsche AM's new ETFs.
16 Best Fund Managers of 2017: Morningstar
Four of the 16 will win Morningstar's Fund Manager of the Year award in their respective categories later this month.
Online Charity Gifts Spiked on New Year’s Eve: Analysis
Online donors gave 38% more to charity during the last week of 2017 than in the final week of 2016, an analysis found.
5 Employee Benefits You Might Not Have Heard Of
One implication: You could sell these. Another: Insurers may have to fight harder for workers' attention.
Wells Fargo Earnings Take $3.25B Litigation Hit
The latest charge comes after a $1 billion expense in the third quarter; the bank is struggling to cut costs after consumer scandals.
IRS Can't Afford to Prep for New Tax Law: Taxpayer Advocate
Taxpayers seeking IRS guidance on tax law changes may be out of luck thanks to a massive funding shortfall, the Taxpayer Advocate office warns.
FINRA Plan to Rid BDs of Advisor Liability Would Hit Firms’ Fee Revenue
The plan is a “good-news, bad-news story,” recruiter Jon Henschen says.
SEC Fines Insurance Exec for Fraud; Says He Used Proceeds to Fund Dog Rescue Charity
In another enforcement action, the SEC charged a municipal advisor with defrauding a Mississippi city.