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Wells Fargo CEO Tim Sloan gets 5.7 percent pay boost, $2 million bonus
PRACTICE MANAGEMENT MAR 14, 2019
Wells Fargo CEO Tim Sloan gets 5.7 percent pay boost, $2 million bonus

He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.

Gundlach warns stocks don't always go up in the long run
EQUITIES MAR 13, 2019
Gundlach warns stocks don't always go up in the long run

He cites Japan's Topix index, which is down about 30% over the last three decades.

Brookfield buys Oaktree to build an alternatives giant
ALTERNATIVES MAR 13, 2019
Brookfield buys Oaktree to build an alternatives giant

The deal produces a combination that can rival Blackstone Group.

Mortgage industry seeks to revive most hated loan in America
RETIREMENT PLANNING MAR 13, 2019
Mortgage industry seeks to revive most hated loan in America

Replacing actors such as Tom Selleck in TV ads, academics with interests in the industy are putting a positive spin on reverse mortgages.

Outlook for growth stocks debated
EQUITIES MAR 12, 2019
Outlook for growth stocks debated

Goldman and Morgan Stanley spar over whether investors should focus on above-average performers given the anemic economy.

Morgan Stanley says market is overpricing Goldilocks scenario
EQUITIES MAR 12, 2019
Morgan Stanley says market is overpricing Goldilocks scenario

Strategists warn against being too dismissive of changes for stronger- or weaker-than-expected growth.

Debit card to add 'stock-back' rewards
FINTECH MAR 12, 2019
Debit card to add 'stock-back' rewards

With a Stash card, buying something from Amazon or paying your Netflix bill will earn you fractions of shares of those companies' stocks.

Capital gains increase at heart of Democrats' tax-the-rich plans
REGULATION, LEGAL & COMPLIANCE MAR 12, 2019
Capital gains increase at heart of Democrats' tax-the-rich plans

Experts say various Democratic plans for hiking taxes generally come down to increasing the capital gains rate.

Wells Fargo CEO disputes claim the bank is too big to manage
WIREHOUSES MAR 12, 2019
Wells Fargo CEO disputes claim the bank is too big to manage

Sloan tells the House Financial Services Committee that Wells is working to address regulators' concerns.

Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing
WIREHOUSES MAR 12, 2019
Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing

Republicans and Democrats grill Tim Sloan for more than four hours.