The prices for nine of the 12 gifts listed in the holiday carol stayed the same or became cheaper this year, according to the 33rd annual PNC Wealth Management Christmas Price Index released Thursday.
Cooke Financial Group LLC, which oversees $1.7 billion in assets, is parting ways with Wells Fargo Advisors LLC. Principals Chris Cooke and Brian Cooke have bought into Chicago-based Noyes and will run the largest of its seven offices.
The sale ends a 92-year run of ownership by the Peterson family, which opened the business five years before the onset of the Great Depression and built a preeminent position in the municipal bond business that continues today.
The vote in favor of a “Brexit” has shocked investors and sent stock markets plummeting around the world. Years of financial uncertainty lay ahead on a global scale as the U.K. and EU find their footing.
The action, in rules issued Wednesday by the Labor Department, could shake up how billions of dollars in Americans' retirement investments are handled by brokers.
Plenty of loud voices argue this long but lazy bull market has been manufactured by the Fed’s policies. That’s not what’s driving stocks.
In his new role, John W. Coughlin, a 25-year-veteran of Indianapolis banks, will drive the bank’s investment, retirement, trust and estate, and insurance services strategies.
Indiana securities regulators are investigating how JPMorgan handled investments inside trusts that benefited churches in the state, Bloomberg News reported. The inquiry follows a lawsuit filed in 2014 by Christ Church Cathedral, which alleged the bank mismanaged trusts endowed by Eli Lilly Jr.
Cummins Inc., Duke Realty Corp., Eli Lilly and Co., Simon Property Group Inc. and Vectren Corp. are among the prominent Indiana companies boosting their dividends in recent months. For a few companies, it’s the first increase in years.
Twenty-seven percent of education loans held by people age 65-74 were in default in 2013, meaning they hadn’t made a payment in 270 days or more. More than half of education loans held by people 75 and older were in default.
Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under a plan that will face stiff opposition from Wall Street and Republican lawmakers.
Thomas J. Buck, a powerhouse investment broker who unexpectedly left the local office of Merrill Lynch last month, was fired due to “management’s loss of confidence,” the company disclosed in newly released regulatory filing.
The three largest credit-reporting agencies say they will change how they handle records, including making the dispute process easier for consumers and providing a waiting period before medical debts are reported.
Nadine Givens climbed the ladder beginning from a childhood in which she worked at the convenience store her mother managed.
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank’s “intentional mismanagement” and “self-dealing” led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
With traditional pensions becoming rarer in the private sector, and lower-paid workers less likely to have access to an employer-provided retirement plan, there is a growing gulf in the retirement savings of the wealthy and people with lower incomes.