Banco Popular de Puerto Rico

The former Fed chairman also says that Scotland and Northern Ireland are likely to break away following Brexit, a "terrible mistake."

A generation crosses a finish line and finds the IRS waiting. Here are some tips to help them minimize the bite.

The reductions will save current investors about $20 million annually and bring the average expense ratio for the funds to 10.2 basis points.

The firm is of two minds on the issue: It can hire whomever it wants from competitors, but many of its own advisers are off-limits.

There are risks of contagion to other countries, but "it will take a significant amount of time to see how all that unfolds," says Federal Reserve Bank of Dallas President Robert Kaplan.

Brexit isn't seen having fallout as severe as the 2008 financial crisis, but you wouldn't know it from the rush to safety in the global market for sovereign debt.

CEO Tidjane Thiam, who joined a year ago, is shrinking the investment bank to free up capital for expanding Credit Suisse's wealth management business, cutting thousands of jobs in the process.

Investors see a nearly 80% chance that rates will be unchanged at the next two meetings of the Federal Open Market Committee, according to prices of options on eurodollar futures contracts.

"Gold and silver have already come a long way, so perhaps it's not surprising to see them pull back a little," one analyst says.

The firm pulled in $148 billion in new client money during the first six months of 2016, surpassing its previous first-half record of $140 billion set last year, a spokesman said.