Banks on Brexit: deeds count more than words
Bank of America Merrill Lynch’s B-word ban is the latest sign global financial firms are tying themselves in knots over the UK’s European Union referendum. If big banks want to keep the union,…
Foreign minnows resist opaque U.S. penalties
An Andorran bank has managed to erase its money-laundering black mark. Last year, the Chinese-backed owner of a U.S. wind-farm project won a settlement with D.C. over the secretive CFIUS group’s…
HSBC shares weighed down by fear of future
The global bank hiked its dividend even as 2015 pre-tax profit fell 7 pct. HSBC thinks it can raise returns even as its balance sheet shrinks. But investors remain worried about negative rates, cheap…
What Is Bitcoin – History, How It Works, Pros & Cons
Bitcoin is a virtual currency, or cryptocurrency, that’s controlled by a decentralized network of users and isn’t directly subject to the whims of central banking authorities or national governments. Although there are hundreds of cryptocur…
What Is Cryptocurrency – How It Works, History & Bitcoin Alternatives
Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups. Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies …
UK Faustian pact with banks has a grim logic
HSBC’s unsurprising decision to stay domiciled in London rounds off nine months of the UK softening its approach to banks. There are reasons to find this new tone uncomfortable. But that is a moot…
SocGen triumphalism rings hollow
Boss Frederic Oudea hailed the “good” full-year result for the French bank’s main business lines as he hiked dividends to half of earnings. But new legal provisions put Societe Generale’s…
Deutsche has enough capital but not enough clarity
The German lender’s solvency is strong enough to withstand the most likely clouds on the horizon. But Deutsche Bank’s 1.4 trln euro balance sheet is opaque and stuffed with derivatives. Boss John…
Deutsche hybrids: from poster boy to problem child
The German lender has moved to reassure investors fretting about delayed coupons on its new AT1 securities, after CDS prices collapsed. Unlike hybrid forebears in 2008, AT1s should absorb losses. Yet…
Credit Suisse chips away at bonus deferral fetish
The Swiss bank is cutting the level of annual bonuses it defers. After the 2008 crisis, regulators delayed variable compensation to improve accountability, leaving lenders with higher fixed costs and…
How to Avoid Sales Strategies at the Bank – 6 Things You Need to Know
Whether you go to a used car lot or a high-end boutique, you know that the employees are working on commission and are thoroughly trained to sell you products. However, did you know that the personal bankers at your local bank operate in much the same …
Goldman’s near-wipeout of Q4 profit met with shrug
A tentative $5 bln mortgage settlement comes more than 10 years after the Wall Street bank’s first missteps and more than five since it paid the SEC $550 mln. The deal ought to close the book on…
JPMorgan results offer compelling case for fintech
Jamie Dimon’s bank is lending more and reducing drags on capital. Yet Q4 return on equity was only 9 pct and relied heavily on one-offs – and the bank is a top performer in the industry. Rising…
Guest view: Euro zone needs workable banking union
The 19 member states have so far failed to put in place a full regime of bank oversight, argues former Citi exec William Rhodes. As U.S. and euro zone interest rate policies diverge, this is a big…
Bank culture just one side of a strategic trilemma
Britain has scrapped a state probe into banking ethics. So it should – such reviews are usually a waste of time. A better way is to see bank culture, size and shareholder value as three…
Wall Street’s pay reveal has germ of a good idea
U.S. banks now say how many of their staff in Europe earned 1 mln euros or more in 2014. Knowing that 1,107 bankers from the top five did so is no great surprise. But JPMorgan’s policy of cancelling…
Asian bankers will shift from deals to distress
Cheap credit helped drive Asia’s merger boom. As growth slows and debt becomes more expensive, bankers are limbering up for a wave of restructurings. The work can be lucrative, but arranging…
Jamie Dimon, 10 years on, is hard bank CEO to beat
Looking back on a decade running JPMorgan, the boss has had missteps like the London Whale, big legal fines and clashes with regulators. Yet Dimon has fashioned a bank with leading market share,…
Wall Street is finally getting clarity on the law
A U.S. court reversed an ex-Jefferies trader’s fraud conviction, saying his fibs may not have swayed investors. The same court has smacked enforcers for stretching fuzzy rules to nail insider traders…
BTG Pactual woes echo its history in reverse
The scandal-tainted Brazilian investment bank is in talks to sell its latest acquisition, BSI. The Swiss private bank joins the list of assets on the block to shore up cash after ex-CEO André…
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Bogleheads Latest Posts
- Re: Former employer (small Maryland city) refusing to provide retirement statement February 6, 2023Perhaps you might simply explain the information you are looking for. You worked for the city from 1983 to 1999. When you separated, you received an estimate of your retirement benefits. You'd like to receive an updated copy, is that possible? Also, you may find the information you are looking for in the plan documents […]galawdawg
- Re: Vanguard dividends February 6, 2023This year my 1099 consolidated doesn't agree with my year end information on Vanguard's website. It's off by about $3,000 or so. I messaged Vanguard and asked about it, but no one has responded. I believe it might have to do with my transition to a brokerage account in 2022. My consolidated 1099 seems to […]johnz1001
- Re: opening a Roth IRA from abroad as an expat February 6, 2023Technically, if you’re doing the work while overseas, that income would still fall under the FEIE. If you entered on your 2555 that you were in the USA two weeks here, three weeks there, etc., you could possibly fly under the radar by appearing to have done the work while in the USA.plats
- Re: Green Card Retiree leaving US - tax fallout? February 6, 2023including the execrable form 8854 for the US's soviet-style exit tax, and from then on never file another US tax return, but instead breath the sweet, sweet fresh air of freedom from the IRS. Oh yes. Best words I’ve read here! I’ve been through the expatriation nightmare myself recently, after 30 years as an expat […]Vogatrice
- Re: I’m the nouveau riche February 6, 2023snack attack wrote: ↑Sun Feb 05, 2023 5:36 pm First world problem here, but I’m looking for feedback from new money folks. I don’t know how to be rich. I came up very blue collar, no frills, first generation educated. As a kid there were countless lessons on frugality, but investing was a foreign concept. […]bltn