BofA-Merrill Moves to Settle Lawsuit With Black Brokers
The lawsuit, which alleges discrimination and was initiated in 2005, could be resolved for a reported $160 million as early as Tuesday.
SEC Swears In 2 Commissioners; FINRA Names New Governors
Kara Stein and Michael Piwowar, both former congressional staffers, are new SEC commissioners, replacing Elisse Walter and Troy Paredes.
What Really Entices Customers to Pay More
Financial advisors like to impress their prospects with boatloads of facts, figures and data. But they might be missing a key ingredient, according to the Harvard Business Review.
Nonprofits Closed Voter Turnout Gaps in 2012 Election
People pegged as "low-propensity" voters were three times likelier to vote when engaged by nonprofits, a study found.
The Budgeting Can Kicks Washington Back
A slew of Nobel-winning economists join hundreds of other VIPs demanding honest budgeting in Washington.
Reinhart, Rogoff to Krugman: Stop Scapegoating Us
Carmen Reinhart and Ken Rogoff sent Paul Krugman a letter over the weekend decrying what they called his “spectacularly uncivil behavior.”
Don’t Let Elderly Die Without Paying Their Bills: Kotlikoff
Economist Laurence Kotlikoff, who's advising on upcoming legislation on how to recalculate U.S. debt, says, “Rich older people need to pay more in taxes and consume less.”
Cup of Joe: Starbucks. Financial Advice. Together at Last
United Capital CEO Joe Duran wants financial advice to be as reliable as Starbucks.
Oops! Reinhart-Rogoff Research Tripped Up by Typo
A simple Excel spreadsheet error punches a hole in a highly cited economic paper by Carmen Reinhart and Kenneth Rogoff that has been used to bolster policies favoring restraint in government spending.
DoubleLine’s Gundlach Crushes Notion of Great Rotation, Bond Bubble
The Fed and the U.S. Treasury clearly don’t want any customers outside of central banks and active traders like himself, DoubleLine CEO Jeffrey Gundlach says.