Dimon May Leave JPMorgan If Stripped of Chairmanship
JPMorgan Chase Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties.
investors
Apple Raises $17 Billion in Largest Corporate Bond Sale Ever
Apple sold $17 billion worth of bonds late Tuesday in the largest sale of corporate bonds ever, part of a plan to increase its share buyback program and boost its dividend.
Reuters Prematurely Publishes Harsh George Soros Obituary
Reuters published on Thursday evening an online obituary for Hungarian-born American financier George Soros, who remains alive, giving a harshly critical portrait of his life.
Bank of America to Pay $500M to Settle Investor Lawsuit
Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
SEC Gives Companies OK to Use Social Media for Announcements
The Securities and Exchange Commission says public companies can make significant announcements on social media sites, if they tell investors which sites they intend to use.
Want Security? Don't Invest...Save!
Want to retire with security to spare? Check out fixed rate annuities -- a way to save your way to security, rather than investing your way to an empty bank account.
Investors Yank $150 Billion From Stocks for 3rd Year
The U.S. stock market has been on a bull run since early 2009. At the same time, individual investors have been pulling billions of dollars out of stocks each year.
Stocks Fall Sharply; Investors Fret About 'Cliff'
The Dow Jones industrial average is ending the day down 185 points at 12,570. The Standard & Poor's 500 index is down 19 at 1,355. The Nasdaq composite index is closing down 37 at 2,846.
Wall Street Professionals Admit: Yes, Lots of Us Are Corrupt
Is Wall Street playing fast and loose with the rules? Responses vary depending on whom you ask. But ask the folks who work in the financial services industry and you'll get a surprisingly clear answer: "Yes."
Money, We Need to Talk: Investors Demand More Broker Contact
Good communication is key in determining how pleased clients are with their brokers, and there has been a dip in satisfaction. But its not because advisers are communicating less with their clients than they did before the recession. Actually, it's quite the opposite.
L.A. Radio Host Charged With Ponzi Scheme
An Iranian-American businessman who hosted a popular Persian language radio show called Economy Today has been indicted on charges that he robbed investors of $20 million in a Ponzi scheme than ran for six years.
Secrets of Investors Who Keep Their Cool in Chaos
With all the ups and downs in the stock market in the last week, it's not surprising that some investors have panicked. But we've also found examples of investors who have kept calm. Here are some of their secrets.
Trust in Banks Falls Back to Financial Crisis Lows
Americans' overall trust in the nation's financial system has dropped from 26% to 20%, a level that matches the lows recorded during the heart of the financial crisis in late 2008, according to the latest results from the Chicago Booth/Kellogg School Financial Trust Index.
Hedge Funds Hit New Record with $2T in Assets
Hedge funds, which experienced sharp drops in assets during the credit crisis, now hold an all-time high of more than $2 trillion in capital, according to a new survey by Hedge Fund Research Inc. The figure is 50% higher than crisis-driven lows reached in the first quarter of 2009.
What's Really Wrong With Letting Banks Pay Big Dividends
The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won't get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.