Fed Releases Transcripts of 2012 Policy Meetings
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The Federal Reserve's transcripts of its policy meetings in 2012 provide a window to officials' behind-the-scenes policy debates in a year when they unleashed a third round of bond purchases aimed at boosting the then-fitful U.S. economic recovery.
529 College-Savings Plans Even Hotter After Tax Overhaul
So-called 529 education-savings accounts are big winners in the recent tax overhaul, thanks in part to new curbs on state and local tax deductions and a change allowing assets in these plans to be used to pay elementary and high school tuition.
The Dow Has What Investors Want
The Dow Jones Industrial Average has done very well lately, with a total return of 27% since the end of 2016, versus 24% for the S&P 500. And that has less to do with the quirk of how the Dow is constructed than what is in it.
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Dow Tops 25000, but Individuals Sit It Out
The Dow Jones Industrial Average closed above 25000 for the first time. Yet throughout the nearly nine-year surge in share prices, individual investors have continued to yank money out of funds that own U.S. stocks.
More Debt Seen as a Downside of Automatic 401(k) Savings
Automatic enrollment has pushed millions of people who weren't previously saving for retirement into 401(k)-style plans. But many of these workers appear to be offsetting those savings over the long term by taking on more auto and mortgage debt than they otherwise would have.
Allstate Shakes Up Management Team
Allstate Corp. promoted three executives Thursday ahead of the retirement of President Matt Winter.
CFTC Moves to Address Industry Concerns Over Virtual Currencies
The top U.S. derivatives regulator is moving to address financial-industry concerns over its oversight responsibilities for virtual currencies and related futures products.
Citi Fined for Failing to Fix Money-Laundering Controls
The Office of the Comptroller of the Currency said Citigroup's deposit-taking bank, Citibank N.A., hasn't adhered to a 2012 order that accused it of failing to fully comply with the Bank Secrecy Act.
Western Union to Pay $60 Million to Settle New York Regulator Investigation
A subsidiary of money-transfer company Western Union Co. will pay $60 million to the state of New York to resolve an investigation into whether it had appropriate safeguards to prevent wire fraud and money laundering.
Disasters Don't Whip Up Insurance Pricing Power
Global insurers suffered one of the worst ever years for catastrophe claims in 2017. Yet the reinsurers that backstop the industry's worst losses are still struggling to lift prices.
(END) Dow Jones Newswires
January 05, 2018 11:15 ET (16:15 GMT)