Six Banks to Pay $5.8 Billion, 5 Plead Guilty to Market Rigging
The charges and settlement are tied to the banks' manipulation of foreign-exchange trading, according to the Justice Department.
SEC Said to Propose That Mutual Funds Disclose Risk of Rate Rise
The SEC is set to propose a requirement that mutual-fund companies report how vulnerable their bond portfolios are to interest-rate changes, two people familiar with the matter said.
UBS to Plead Guilty on Libor, Settle Currency Probe With Fed
UBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates, removing two of the bank’s biggest legal hurdles.
George Kinder: Life Planning Is the Future—The 2015 IA 35 for 35
"It's really impossible to be a fiduciary without being a life planner," Kinder says.
Private Equity Firms Selling Companies Faster
The average time private equity firms hold buyout investments has dropped to 5.5 years for companies sold so far in 2015, according to a Preqin report.
Top 10 Colleges With Best Career Value: Brookings
The Brookings Institution's college rankings attempt to measure the impact each school has on grads' mid-career earnings while filtering out the impact of students' backgrounds.
Merrill, Securities America & Commonwealth Add Reps From Rivals
Meanwhile, Focus Financial shares news about its recent executive recruiting.
Clients Want Personalized Service, Not Just Returns: Hartford Funds
Advisors need to create context for wealth and what it means for clients' retirement lifestyle, a survey found.
Former BofA Exec Sentenced Over Muni Bond Fraud
The 26-month prison sentence is tied to an eight-year scheme that involved 18 people and one corporation, the DOJ says.
Tiger 21’s Ultrawealthy Investors Expand Reach, Form Holding Company
Tiger 21, the peer-to-peer network for ultrawealthy investors, has experienced substantial growth in this decade and is looking to move to the next level.