A federal judge gave final approval to a $33 million class-action settlement on Wednesday between Citigroup and current and former female financial advisors.
As you know, UBS reported a larger-than-expected second-quarter loss of $327 million today. Contributing to the dismal result was another $5.1 billion in U.S. mortgage related write-downs.
When asked about the millions of dollars missing from his clients’ accounts, Michael J. Park, a Brentwood, TN stockbroker, didn’t offer much of an explanation.
Citigroup reached a settlement with the SEC and the New York Attorney General, Andrew Cuomo, Thrusday over allegations that the firm made misrepresentations in its marketing and sales of auction rate securities to clients.
Citigroup may soon eat $8 billion worth of failed auction rate securities it sold to clients, and get slapped by the SEC with a $100 million fine, according to a report from Bloomberg that cites people familiar with the case.
Lehman Brothers may be considering shopping around $30 billion in beat-down commercial mortgage-related assets, according to a report in the New York Post from last Friday, which cites anonymous insider sources.
The law generally precludes prosecuting a will contest until after the testator's death because, until then, a will contest is not ripe. But does the law ever preclude a will contest after a testator dies? According to a California appellate court...
It could've gotten ugly. There certainly were enough high-powered lawyers on the case and enough money at stake. But apparently, everybody involved decided that Trouble wasn't worth it. Trouble the dog, that is. Soon after the last will and...