National Credit Union Administration (NCUA) filed lawsuits against banking lenders includng Morgan Stanley for allegedly selling faulty mortgage-backed securities. Morgan Stanley without admiting its fault, has agreed to pay $225 million to seele the claims. The total value of such claims recovered by NCUA reached to $2.43 billion since 2011.
The Women of Color are facing retirement challenges. The measures are being taken to educate them about the financial issues. But the policymakers and researchers must be more active in finding a permanent solution.
Alaska State Governor Bill Walker as part of his New Sustainable Alaska Plan,suggested for income tax in the State. If levied, it'll be after 35 years, Alaska records income tax. Alaska is highly dependent on oil revenues. The steep fall in oil price is impacting its revenues in a negative way. The current revenues can meet only 40 percent of government expenses.
The US technology giant Apple Inc is struggling to forge an alliance with Australian banks to spread its mobile payment system. Australian banks have already their own apps and supporting technology platform for the contactless payment system. At this juncture, Apple Inc is finding it difficult to make the partnership with Australian banks. After launching mobile payment service in Australia last month, Apple Inc is planning to roll out in China soon.
IBM is trying to hit the cloud service market by launching Bluemix object storage services. Would IBM make it through by outshining market biggies like Google, Amazon and Microsoft? Besides spreading its cloud service market in international level, IBM has also joined startup helping venture with NASSCOM.
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
A chronicle survey conducted in 32 private-college presidents revealed that the maximum pay reached the level of $1 million in 2013. In 2013 the private college presidents' median total payment reached as high as $436,429. First two positions were assigned to Lee Bollinger, of Columbia University, and Amy Gutmann, of the University of Pennsylvania.
Being President of the United States is the large role to fill as the most powerful man in the world. With that power and title, of course comes, great wealth and fame, whether from a widely well-received tenure or one of great criticism.
Quitting you job and starting your own business, can be a quite scary and daunting process. Nearly 50% of the new businesses fail within first five years and only 3% of those remaining ever make it to the 10 year mark. The reason that majority of the businesses fail is due to simple lack of planning. While there is no formula for success but there are some rules every business should follow to be on the right track.
The increasing number of new businesses are creating more demand for fresh capital in the US. The new startups are looking to raise funds via a crowdfunding platform. However, a majority of startups are not aware of crowdfunding platforms. Several states are relaxing norms allowing non-accredited investors to park their money in startups.
Even if Yahoo is still one of the popular websites worldwide after Google and Facebook, the board is considering selling off its web properties. The decision is still pending until Friday.
After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.
Parents are caretakers as well as providers of their children. But when children grow up, they get dependent on their parents in every manner.They then lack financial management skill in themselves which not only financially and emotionally drain the parents but also cause long-term harm to children.
Rustam Gilfanov is a famous IT businessman, a founder of a large IT company, and a partner of the LongeVC Fund.
Bitcoin and cryptocurrency in general guarantee some amazing profits if invested correctly.
In the currency trading business, many individuals make mistakes. Since most individuals join this profession with too much excitement, they forget about efficient strategies. Instead of controlling their investment and execution process, most individuals make poor choices for trading.
In today's digital world, more and more people are investing in cryptocurrencies. These digital tokens have exploded into popularity over the past few years, and have grown to the point that there are now nearly over 6,000 of them, according to Statista.
Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.
Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.
Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.
While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.