Finance

The Federal Reserve signaled a pickup in the economy is keeping it on track to raise interest rates this year, though subsequent increases are likely to be more gradual than anticipated earlier.

With the Federal Reserve poised to unleash its first interest rate increase in almost a decade there's a debate among investors about whether the past is any guide to how markets will react to a monetary tightening.

The average yield on sovereign securities climbed to 1.34%, the highest since December 2014.

Barclays may fetch $150 million to $250 million for its U.S. wealth unit, according to analysts at Credit Suisse Group.

The Swiss bank’s exit comes after a more than month-long review and as local firms expand in wealth management in a bid to tap the nation’s pension savers and rich investors.

The rapid rate of wealth creation by billionaire entrepreneurs will probably level off over the next two decades as economic growth slows in emerging markets and governments act against income inequality, a UBS study found.

Now that two of the biggest U.S. banks are convicted felons, the Justice Department appears to have proven the point it set out to make a year ago -- that it could deliver the harshest penalty possible against financial institutions without inflicting fatal wounds.

Daniel Gallagher is resigning his post as a Republican member of the U.S. Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory response to the 2008 financial crisis.

Count Bill Gross among the world’s biggest philanthropists.

The IRS follows the federal law in viewing marijuana businesses as illegal for tax purposes. This creates a number of tax issues for representing these clients.

The DoL's fiduciary proposal has been framed as a way to help the middle-class avoid excessive fees and bad advice from their financial advisor -- but is there enough transparency?

First-quarter results from U.S. Bancorp and PNC Financial Services Group show banks have little choice but to wait until the Fed raises interest rates. They have cut expenses almost as far as they can go, and fee income is limited in how much it can offset narrower spread income.

Sources say the review of the firm's Australian wealth management business may lead to a sale.

Without millennials, financial institutions will find themselves in a precarious position in coming years.

As growth in the region creates more millionaires, Citigroup is targeting a 10% increase in its Asian wealth assets under management this year.

For all the talk about when Fed policy makers are going to raise interest rates, they haven’t quite figured out how to do it.

NYC Comptroller Scott Stringer is proposing that the state enact a law requiring financial advisors to disclose whether they put their own interests above those of their clients.

The Minnesota Society of CPAs has compiled a list of red flags that could trigger an audit from the IRS if they apply to your clients' tax returns.

Even before the details are out, Mary Jo White's move to insert the SEC into the debate on whether to tighten rules for brokers has given ammunition to both Wall Street firms and consumer groups in the biggest financial policy battle in Washington.

Morgan Stanley is shifting top executives at the wealth management and capital markets units to give the firm's leadership broader experience with its main businesses.