BofA to Pay $7.65 Million SEC Penalty Over Capital Overstatements
Bank of America will pay millions on claims that it overstated its capital by billions after failing to report losses tied to Merrill buy.
Saving Exploited Elders
Every day at least 1,000 elderly Americans are financially exploited or abused.
Water: Resourceful Growth
American States Water (AWR) of San Dimas, Calif., is the parent company for Golden States Water Company and American States Utility Services. AWR is a high-quality utility with a strong balance sheet (58% common equity) and high credit ratings (S&P: A+). In 2014, AWR expects to invest $80 million-$90 million...
Fed Keeps ‘Considerable Time’ Pledge as Growth Is ‘Moderate’
The Federal Reserve maintained a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed.
12 Best States for Adjusted Advisor Pay
Low cost of living often offsets lower advisor pay in some states, while in other states high pay offsets high cost of living.
15 Worst Cities for Retirees
Looking for a place to retire? Put these cities at the bottom of your list, WalletHub says.
Boomer Mortgage Debt Could Dampen Economy
A growing number of homeowners are reaching retirement age still owing money on their houses, causing a squeeze on other spending.
The Freewheeling Life of the Virtual Advisor
What early adopters are finding on the advisory field's online frontier.
Fed Sees Labor-Market Slack Even as It Trims Bond Purchases
“A range of labor-market indicators suggests that there remains significant underutilization of labor resources,” the FOMC said today.
SEC Names Flannery Chief Economist
The SEC said Monday that Mark Flannery will become the agency’s new chief economist and director of its Division of Economic and Risk Analysis.