The complexity of bank capital requirements has made them vulnerable to manipulation. In the rush to embrace simplicity, however, policymakers could inadvertently make safe investments unattractive for banks.
Read More »Tax audits of individuals hit lowest rate since 2005
The percent of individual tax returns audited by the U.S. Internal Revenue Service declined for the second straight year, reaching the lowest rate since 2005.
Read More »Beanie Baby maker’s tax evasion warrants jail, U.S. says
H. Ty Warner, the billionaire creator of Beanie Babies plush toys, should go to prison for tax evasion, U.S. prosecutors told a federal judge.
Read More »JPMorgan ‘failed miserably’ in Madoff case
Manhattan U.S. Attorney Preet Bharara said JPMorgan Chase & Co, which agreed to pay $2.6 billion to resolve criminal and civil allegations it facilitated Bernard Madoff's Ponzi scheme, "failed miserably" as a financial institution.
Read More »JPMorgan to pay $1.7 billion to Madoff’s Ponzi victims
JPMorgan Chase & Co. agreed to pay $1.7 billion to resolve U.S. claims that it played a role in facilitating Bernard Madoff’s Ponzi scheme.
Tagged with: JP Morgan Chase & Co.
Read More »Commentary: Three keys to business development in 2014
There are three essential keys to successful business development.
Tagged with: business development
Read More »Commentary: Key financial changes for the new year
Senior investment counselor John Wyckoff provides an overview of what to expect in 2014.
Read More »Macy’s settles legal dispute with Martha Stewart Living
Macy’s Inc. and Martha Stewart Living Omnimedia Inc. settled litigation over whether Martha Stewart breached a contract by selling certain goods at J.C. Penney Co.
Read More »Consumer confidence increases more than forecast
Americans are growing upbeat about the economy as household finances improve on the heels of more hiring, rising property values and stock-market gains.
Tagged with: economy
Read More »BP asks block on payments not directly spill-related
BP Plc asked a federal appeals court to block economic loss payments in its $9.2 billion settlement of the 2010 Gulf of Mexico oil spill unless they can be directly linked to the disaster.
Tagged with: BP Oil Spill
Read More »Wells Fargo to pay Fannie Mae $591M
Wells Fargo & Co. agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.
Tagged with: Fannie Mae Wells Fargo & Co.
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