Financial News

1. Retirees will get better advice 2. Retirees will no longer pay for their adviser to go to Hawaii 3. Retirees will get a warranty

Since the 2008 financial crisis, millions of consumers have become "un-banked," ending their relationship with their bank or credit union. In many cases, the read more

Can the Bank of Japan's latest twist on its quantitative easing program survive it's own contradictions? The BOJ and its policy makers, led by Gov. Haruhiko Kuroda, read more

Wells Fargo was just slapped with the biggest fine in the history of the Consumer Financial Protection Bureau after employees routinely opened unauthorized accounts read more

The old Fed is dead. The notion that it could orchestrate economic growth within narrow bounds was excessively optimistic and unrealistic. It may be, as economist read more

The OFR’s Viktoria Baklanova and Daniel Stemp, lead researchers on the MMF Monitor, attribute the shift to the Oct. 14, 2016, deadline for i read more

The $20.1 billion PenFed Credit Union announced Monday its fourth merger of the year after members of the $38.5 million High Plains Federal Credit Union of read more

the U.S. has an estimated 72,000 centenarians now, and come 2055, we could see close to 500,000 of them if current growth trends continue. And considering the read more

You're supposed to be able to trust your bank. But multi-million dollar settlements, tens of thousands of customer complaints and class-action lawsuits make that read more

Wells Fargo, which paid $185 million in fines to settle government charges of fraud, now faces a lawsuit by three customers who claim they were victimized. The read more

Consumers over 50 years of age still are the foundation of bank and credit union growth. With changing needs and expectations, this segment is impacting product read more

The Federal Reserve may have violated the law in adopting key parts of the bank stress tests, according to a study released on Thursday from a group whose members read more

Can the state really make off with your client's IRA? Yes! It's called escheatment and states have been using this tactic more aggressively to bring in money. In a read more

Good intentions; certainly hope it succeeds. WASHINGTON (Reuters) - More than 30 major technology and communication companies said on Friday they are joining the read more

With a seismic overhaul of the $2.6 trillion money-market industry weeks away from kicking in, money managers are bracing for a last-minute exodus of as much as read more

Deutsche Bank (DBKGn.DE) said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a read more

Trump in an interview on CNBC says the low interest rates for savers and seniors is nothing less than discrimination. He said that for people who did everything read more

Mary Bailey, a 79-year-old widow in Arlington, Mass., made a big deposit for her grandchildren at her Citizens Bank branch when a financial adviser there sold her read more

U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand that read more

Today's doom and gloom report: one famous economist, James Dale Davidson, boldly states… “We could see the end of Social Security as soon as 2017,  and there read more

A reader writes in, asking: "I'd love to hear your thoughts on Everbank's '5 Year MarketSafe Commodities CD.' It guarantees return of principle and offers upside on read more

Ally Bank conducted an interesting survey to help promote their new cash back credit card: Cash is king when it comes to credit card rewards according to a recent read more

Like a lot of other Americans, Sen. Elizabeth Warren wants to know why the Department of Justice hasn't criminally prosecuted any of the major players responsible read more

Millionaires' new challenge: they're not rich enough for private banking. JP Morgan Chase is increasing the minimum asset level for such services as big banks focus read more

The Consumer Financial Protection Bureau has fined Wells Fargo $100 million for what it calls "the widespread illegal practice of secretly opening unauthorized read more

Q. Please explain the difference between a managed mutual fund and an indexed mutual fund. ---E.E., College Station, Texas

A few years ago, a lot of employers' benefits packages included joining a credit union. In 1996, almost 70 percent of organizations offered credit union options. read more

Six credit unions, a corporate credit union and 20 banks throughout the nation were victimized by a fraud ring that operated out of a Massachusetts read more

As public and congressional pressure mounted on Wells Fargo & Co. executives, its top two bankers had an explanation Tuesday for allegedly illegal sales read more

When Tolstedt leaves Wells Fargo later this year, on top of the $1.7 million in salary she has received over the past few years, she will be walking away with read more