Dear Quentin, I am a 33-year-old female and I have a boyfriend who is 37. I make about twice as much as he does. We have been talking about marriage, having a baby, and buying a house, etc which I love to do as I see the future with him, and I do love him. … Read more
Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking. The court found Credit Suisse didn’t do enough to prevent money laundering by members of the crime ring, which prosecutors said moved tons of cocaine into … Read more
By Ed Frankl Credit Suisse AG was found guilty on Monday by a Swiss court for failing to stop money laundering in a historic case involving a Bulgarian drug-trafficking gang. The decision is the latest reputational blow for the bank, which issued a profit warning earlier in June as it undergoes a tough turnaround plan … Read more
Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more
The end of the bear market is not close. That’s according to a contrarian analysis of stock market sentiment: the US stock market hasn’t yet experienced the extreme pessimism seen at major bottoms. It may certainly feel like there’s plenty of pessimism and despair on Wall Street. But that bearishness seems a mile wide and … Read more
Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to cease what they characterize as fraudulent activity, alleging that the firm misled investors while funneling millions of dollars to executives and their families. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA had operated a … Read more
I am very fortunate to have a steady career and a 401(k), and I have been able to put money aside for my children’s education. This was not always the case as I had several years of education and a six-figure debt that I accrued, and I have learned to be very cautious with money. … Read more
Small business owners say they have one more item to add to their list of worries: recession. More than four in five small business leaders say they worry that a recession will hit the economy soon and it will impact their businesses, according to a new survey by online business-banking platform Kabbage, a checking-account service … Read more
In a perfect world, public companies would compensate their executives commensurate with the creation of long-term shareholder value. Last year, the median compensation for US chief executives reached a record high for the sixth consecutive year, The Wall Street Journal reported earlier this month. While most pay packages are bolstered by restricted stock units that … Read more
The S&P 500 index plunged 23.6% from its closing high on Jan. 4 through June 16. The damage has been broad – on June 16, 97% of stocks in the benchmark index were down, with more than a third dropping at least 5%. A bear market is no fun to wait through, but the US … Read more