Practice

From hot air balloons to bagels, 2010 proved to be yet another year in which states and municipalities passed some strange tax laws in a desperate bid to raise revenues and close their budget gaps.

On the same day it proposed new capital requirements for all institutions, the FDIC's board of directors approved a 2011 agency budget of $3.96B, a 0.7% drop from the previous year.

The key takeaway from 2011 will be the gap in economic performance between the developed and emerging economies, said Bank of America Merrill Lynch at its 2011 Year Ahead breakfast in New York City on Tuesday.

Baby Boomers are set to inherit $8.4 trillion, and have already inherited $2.4 trillion, according to The MetLife Study of Inheritance and Wealth Transfer to Baby Boomers. Overall, two-thirds of Baby Boomers stand to receive some inheritance in their lifetime.

While lavish recruitment packages are becoming the norm for Wall Street, all that glitters is not gold.

Anticipated declines range from 5% to as much as 50%.

The Bush tax cut and unemployment benefit extension legislation passed a key procedural hurdle in the Senate on Monday, overcoming the 60-vote threshold needed to come up for a vote later in the week.

According to a study by ING Retirement Research, investors who work with a a financial professional report saving significantly more for retirement.

If Mitchell Glassman visited your town sometime in the past 35 years, it probably wasn't for a good reason. The FDIC veteran has been involved in nearly 1,000 takeovers.

John Bouchard, Saundra F. Albrite-Bouchard and Julie-Anne Lewis represent the first team of financial advisors to join Washington Wealth, which Tony Sirianni and Ross Wilkinson launched earlier this month.