Noah Buhayar

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

The solution is low-cost index funds, he says, adding that index pioneer Jack Bogle "is a hero."

Black employees at the firm say lucrative client accounts were often steered toward financial advisers who weren’t black.

Warren Buffett, who invested $5 billion in Bank of America, said he's confident the lender will overcome an accounting mistake that forced the firm to suspend an increased payout to shareholders.

Wells Fargo & Co. announced that Anne Doss will head its personal and small- business insurance division starting in January as the bank builds its unit that helps clients buy policies and manage risk.

Bank of America Corp. Chief Executive Officer Brian T. Moynihan said the firm has plenty of capital and he’s confident it will pass the next U.S. stress tests.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon would be the best person to lead the U.S. Treasury Department in a financial crisis, billionaire investor Warren Buffett said.