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Tax incentive for those who can afford to purchase a fancy jet
RIA NEWS FEB 27, 2019
Tax incentive for those who can afford to purchase a fancy jet

Democrats offer `Medicare for All' bill to transform health care
RETIREMENT PLANNING FEB 27, 2019
Democrats offer `Medicare for All' bill to transform health care

Measure would replace almost all private health insurance.

Wells Fargo sees 'possible' legal losses rising by $500 million
WIREHOUSES FEB 27, 2019
Wells Fargo sees 'possible' legal losses rising by $500 million

Bank ups its estimate of how much it might have to spend to resolve investigations and claims related to its scandals.

JPMorgan's $50 billion fund is cutting equities on dovish Fed
EQUITIES FEB 26, 2019
JPMorgan's $50 billion fund is cutting equities on dovish Fed

Global Income Fund's manager sees junk bonds as a safer way to play the Fed-induced rally.

SALT cap will affect nearly 10.9 million people
RIA NEWS FEB 26, 2019
SALT cap will affect nearly 10.9 million people

Treasury inspector general estimates those taxpayers have a total of $323 billion in state and local tax bills they won't be able to deduct.

Most economists see U.S. recession by 2021
RIA NEWS FEB 25, 2019
Most economists see U.S. recession by 2021

Majority also expect the Fed to continue raising rates this year, survey shows.

Social Finance plans no-fee ETFs
ETFS FEB 25, 2019
Social Finance plans no-fee ETFs

Online lender SocialFinance will waive management fees on two stock funds for at least the first year

Bank of America said to drop Merrill Lynch name from investment bank
WIREHOUSES FEB 25, 2019
Bank of America said to drop Merrill Lynch name from investment bank

The bank's wealth management unit will use the name Merrill going forward.

Wells Fargo CEO Tim Sloan could be hard to oust — here's why
PRACTICE MANAGEMENT FEB 22, 2019
Wells Fargo CEO Tim Sloan could be hard to oust — here's why

Poaching a replacement from one of the bank's few peers would probably be costly.

UBS prepares for impact of massive $5 billion fine
EMERGING MARKETS FEB 22, 2019
UBS prepares for impact of massive $5 billion fine

CEO Sergio Ermotti says bank will prioritize protection of its dividends.