I am an employee working in the private sector. I also own a house (loan from a bank) in the same city of my employment which has been given on rent as I am staying with my parents. My employer is not allowing me the set off of the loss of house property from my salary.
What has been the sentiment amongst the HNI clients over the last six months and especially over the past few months when the markets have turned around? Do you see any change there
Never let it be said that the Justice Department can't move quickly when it gets a hot tip about an alleged crime at a Wall Street bank. It does help, though, if the party doing the complaining is the bank itself, and not merely an aggrieved customer.
Boosting growth and employment, and supporting the “common man” remain the immediate objectives of the upcoming budget. While mounting fiscal deficit is a huge concern, it should not stop contra-cyclical government expenditure at the moment.
Tony Guernsey has been in the wealth management business for four decades. But clients have started asking him a question that at first caught him off guard...
If you can’t blind investors with brilliance, baffle them with gussied-up balance sheets. That’s the approach banks have taken to try and escape the legacy of bad lending and investing.
If the last 18 months have taught Americans anything, it's that market collapses don't discriminate. Even the most sophisticated and affluent investors lost big chunks of their fortunes
Mauled by the carnage on Wall Street, mutual funds are copying hedge fund strategies in an effort to regain some of the shine they have lost this decade.
Thanks to the commonwealth of Massachusetts, crusading attorneys general throughout the land now have a road map for extracting multimillion-dollar checks from Wall Street banks such as Goldman Sachs Group Inc:
For better or worse, stress tests of the 19 largest US banks are done. Investors and the government feel they have a better handle on banks’ financial health and can move on.
This week, yet another Washington debate over who deserves a break on their debts drew to a close. On Thursday, the Senate voted against allowing judges to adjust the terms of the mortgages of people filing for personal bankruptcy.
What would Ferdinand Pecora do? Thirty-seven years after his death, the name of this former assistant district attorney from New York suddenly is on a lot of politicians’ lips.
It always ends up at the same place. Any discussion of inflation -- what it is, what causes it -- comes back to that never-ending debate between money and the output gap.
Islamic finance is about to get its first mega bank if Sheikh Saleh Kamel has his way. The billionaire chairman of Bahrain-based Al Baraka Banking Group is head of an alliance hoping to launch a $10 billion Islamic bank before year-end.
Here we go again. The latest burst of regulatory rigor in response to a horse that’s already left the barn comes in the case of Poky Police versus WG Trading Investors LP of Greenwich...
Bankers keep telling us how sorry they are for getting the world into the current economic mess, but the public doesn’t seem to want to accept their apology.