Bloomberg News

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Death-Bond Fraud Was Wide Ranging, Alleges Trustee

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A bankrupt seller of life settlements cheated investors by lying about when policies lapsed, charging massive undisclosed fees and deceiving them about its practices in order to dodge securities...

AXA To Divest Holdings In Coal Companies Over Climate Change

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France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor.

Exorbitant Drug Costs Lead California To Cap Copayments

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Covered California, the state’s health insurance exchange, changed the designs of its plans to cap policyholders’ monthly copayments for specialty drugs and help curb costs for consumers.

New York Life Names Blunt To Lead $540 Billion Investments Group

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New York Life Insurance Co., the largest policyholder-owned life insurer in the U.S., named Chris Blunt as head of the investment unit with $540 billion in AUM.

This Hong Kong Exec Made $22B; This Week He Lost Most of It

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Pan Sutong made $22 billion this year and then lost most of it. He says he doesn’t care.

If Your Clients Are Still Paying Children's Bills, They're Not Alone

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In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation, up from 18 percent the year before.

‘Shale-ionaires’ Suffering From Wave Of Bankrupt Oil Drillers

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Royalty payouts from bankrupt operations have shrunk to a fraction of the rates paid before the crash.

Six Reasons You Should Be Paying More Attention To Canada

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The Canadian economy and financial markets are one of the most underutilized barometers of global economic activity.

Oaktree’s Marks Says Europe Better Bet Than ‘Highly Priced’ U.S.

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Howard Marks, co-chairman of distressed-debt investor Oaktree Capital Management, said Europe has become more attractive than the U.S.

Facebook Share Scammer Found Guilty Of Bilking Family Office

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Troy Stratos, who lied his way into the wealthiest circles in Silicon Valley, used the frenzy for pre-IPO Facebook Inc. shares to bilk investors out of $11...

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