FA News

Goldman Says Oil Could Drop To $20 A Barrel

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The global surplus of oil is even bigger than Goldman Sachs Group Inc. thought and that could drive prices as low as $20 a barrel.

Citi's Chief Economist Says China Is 'Financially Out Of Control'

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Willem Buiter, Citigroup chief economist, estimated that there is a 55 percent chance of a made-in-China global recession in the not too distant future.

Wall Street Is Deeply Divided Over the Fed's Move Next Week

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A week before the Federal Reserve’s most critical policy decision in years, Wall Street opinion makers can’t agree on anything.

Here's When Economists Expect To See The Next U.S. Recession

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Some advice for President Barack Obama's successor: bring a plan to fight the next recession.

Wall Street Banks To Settle CDS Lawsuit For $1.87 Billion

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Some of Wall Street’s biggest financial institutions -- including Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and HSBC Holdings Plc -- have agreed to a $1...

Former Brokers Who Promised 'God's' Investing Face SEC Fraud Charges

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Three California businessmen face civil fraud charges after allegedly stealing money from investors who were lured by the promise of 'indestructible wealth' in a religion-themed real estate scheme.

The Jockeying Has Begun To Fill High-Paid Accounting Oversight Post

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At least three candidates are jockeying to become chairman of the Public Company Accounting Oversight Board, a little-known body that polices the country’s largest audit firms.

Financial Industry Nervously Awaits DOL's Final 'Approved' Product List

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A broad swath of products sold by commissioned brokers didn’t make the DOL’s so-called “approved list” in the latest version of its fiduciary rule.

Beck And Lowell Named Heart Of Financial Planning Recipients

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Two women financial advisors will be honored at the FPA fall conference for contributions to the profession.

One Last Push To Stop Medicare Premium Increases

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Should 30 percent of Medicare beneficiaries shoulder a 52 percent premium hike next year while the other 70 percent pay no more at all? Advocates for seniors do not think so, and they are making a...

Corporate Crime By Individuals Targeted By U.S. Prosecutors

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The U.S. Justice Department is seeking to increase prosecutions of individual employees for corporate crime and coax companies to turn over evidence on executives.

The Pope Is Ready To Trash Capitalism To Money-Loving Americans

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As the U.S. presidential campaign exposes contempt for elites and angst over the future, Pope Francis arrives for his first visit with plans to denounce gross inequality and planetary neglect.

Gough Financial Joins Cetera

by FA Staff

Gough, a wealth management and financial planning firm, is associating with Transcendent Advisors, which is part of the Cetera network.

Wall Streeter Tried To Secretly Take Over Companies, SEC Says

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The CEO and his family face civil charges filed by the SEC for allegedly taking advantage of Chinese companies.

Former Kentucky Lt. Gov. Charged With Fraud By SEC

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Stephen B. Pence was involved in a complicated fraud scheme that resulted in charges against an audit company and other public company executive, according to the SEC.

Talk Show Host Inflated Her Firm's Assets By $1.5 Billion, SEC Says

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Dawn J. Bennett and her firm overstated AUM and returns to boost the firm's reputation, according to the SEC.

SEC May Be Short On Commissioners

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The SEC’s work could be affected if it finds itself down to three or four commissioners from a full complement of five, SEC Chairman Mary Jo White said Wednesday.

Consumers Spend More, Debt Climbs

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Consumers are spending their way to the highest credit card debt ever, two reports say.

When Financial Planning Meets Wedding Planning

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As the fall wedding season begins, advisors should make sure they have a comprehensive plan to help clients who are getting married.

The New Stock Titan Of 2015 Isn't Apple

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Last year, failing to own Apple was the most painful mistake a U.S. equity fund manager could have made. This year, that distinction goes to Amazon.com.