Tag: Banking and Financial Institutions

Does Personal Finance Still Work in Our Changing Economy?

Don’t buy a car you can’t afford. Save 10 percent of your income for retirement. And, for crying out loud, stop throwing away money on lattes. We’ve heard it all before. Traditional personal finance advice is often tossed around in blanket statements. While the advice is sound in theory, the way we actually deal with […]

Read More

He Got a Discrimination Settlement, but the Bank Wouldn’t Take His Checks

Last week, Sauntore Thomas, a black man from Detroit, had a victory over profiling when he settled a race discrimination case against his former employer. But as he learned this week, it was too soon to celebrate. When he tried Tuesday to deposit the money at his TCF Bank, a new lawsuit says, he met […]

Read More

It May Be the Biggest Tax Heist Ever. And Europe Wants Justice.

They made quite a team. One was an Oxford-educated wunderkind who handled the complicated math behind the transactions. The other was a beefy, 6-foot-2 New Zealander with an apparent fondness for Hawaiian shirts, who brought in clients and money. Martin Shields and Paul Mora met in 2004, at the London office of Merrill Lynch. Mr. […]

Read More

Wells Fargo’s Ex-Chief Fined $17.5 Million Over Fake Accounts

Wells Fargo’s main federal regulator took punitive action against the bank’s former chief executive, John G. Stumpf, and seven other executives on Thursday, seeking millions in personal fines from the leaders it said were accountable for the bank’s toxic sales culture and illegal acts. Mr. Stumpf agreed to a lifetime ban from the banking industry […]

Read More

Climate Change Could Cause the Next Financial Meltdown

FRANKFURT — Climate change has already been blamed for deadly bush fires in Australia, dying coral reefs, rising sea levels and ever more cataclysmic storms. Could it also cause the next financial crisis? A report issued this week by an umbrella organization for the world’s central banks argued that the answer is yes, while warning […]

Read More