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Borrowing From Retirement Plans Hits New Highs

Like a tree laden with ripe summer fruit, plump 401(k) accounts can appear as tempting sources for an easy loan, especially when other financial resources have dried up. And more people than ever have been plucking from that tree. It's not always the wrong move, but here's why it should be a last resort.

Axa Slashed Goldman Stake in the Second Quarter

Axa (AXAHY), the largest investor in Goldman Sachs (GS), cut its stake by more than 50% in the second quarter as the bank dealt with civil fraud charges and flagging business. Axa, a French insurance and wealth management company, reduced its stake in Goldman from about 5% at the start of April to 2.1% at the end of June, the Financial Times reported. That%u2019s a sell-off of more than 16 million shares.