DealBook: HSBC Settles Madoff Claims for $62.5 Million
HSBC agreed on Tuesday to pay $62.5 million to settle class action claims by investors in a fund that had invested with Bernard L. Madoff, who was jailed for fraud. HSBC, which was named as a defendant...
View ArticleHigher Reserves Proposed for ‘Too-Big-to-Fail’ Banks
After nearly two years of political jousting, a panel of global regulators said on Saturday that banks deemed too-big-to-fail would have to set aside an additional cushion of capital reserves in what...
View ArticleWealth Matters: For the 2nd Time, Voluntarily Disclose Your Offshore...
Everyone should know this, but that makes the Internal Revenue Service’s current program of voluntary disclosure intriguing. The program came about after a similar one in 2009 drew in some 15,000...
View ArticleBusiness Briefing | FINANCE: The F.D.I.C. Closes First National Bank of Florida
Regulators on Friday closed a small bank in Florida, raising to 71 the number of bank failures this year. The Federal Deposit Insurance Corporation seized First National Bank of Florida, based in...
View ArticleRule to Allow Regulators Detailed Look at Big Hedge Funds
WASHINGTON — Large hedge funds, the very private investment outfits that borrow money to magnify their big financial bets, will be required for the first time to report detailed information on their...
View ArticleHigh & Low Finance: S.E.C. Charges Company That Filed Under JOBS Act With Fraud
In its prospectus, a penny stock named Caribbean Pacific Marketing proudly described itself as an “emerging growth company” when it began to sell shares to the public this summer. To someone...
View ArticleDealBook: Lehman Estate to Sell Archstone for $6.5 Billion
The deal that helped sink Lehman Brothers is now playing an important role in paying off the failed investment bank’s creditors. The Lehman estate agreed on Monday to sell Archstone, the sprawling...
View ArticleBucks Blog: How to Get Reasonably Priced Help With Investments
This weekend’s Your Money column is of a piece with several I’ve written in the past, all revolving around the question of how to get competent people to help you with your investments for a reasonable...
View ArticleSketch Guy: Some Investing Stories Sound Good Until You Analyze Them
Making smart money decisions is an incredibly difficult way to behave. So after my post last week about buying a house based on your situation, my jaw dropped when I saw an article in The Wall Street...
View ArticleSketch Guy: When Labeling Yourself Middle Class Can Hold You Back
It seems to me that we really like the idea of what it means to be middle class. And why wouldn’t we? For most of us, we associate it with things like having steady jobs, owning a home and taking...
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