A former Wells Fargo manager filed a discrimination claim against the bank after losing his job while on medical leave for cancer. Reginald Robinson, 65, alleged race, age and disability discrimination in a complaint filed against the company’s clearing-services business with the Equal Employment Opportunity Commission last month, according to a copy of the document […]
Archives for 2020
Merrill Lynch promotes exec to oversee Southeast division
Merrill Lynch promoted one of its own to fill a key position left vacant amid recent executive changes at the wirehouse. The firm elevated Steve Alch to the post of Southeast division executive, according to an internal memo seen byFinancial Planning. He replaces Eric Schimpf who was named head of advisory development, a recently created […]
GM shares close at new year-to-date high following Hummer EV debut
Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles. The stock settled at $37.41 a share, […]
Draft instructions for partnership capital account reporting released
On Thursday, the IRS released an early draft of the instructions for Form 1065, U.S. Return of Partnership Income (IR-2020-240). The IRS is accepting comments on the draft instructions for 30 days and plans to issue final instructions in December. The revised instructions will apply to the 2020 tax year (i.e., the 2021 filing season) […]
Americans’ personal financial satisfaction sees record rebound
Reflecting the economic volatility Americans have experienced this year, the AICPA’s Personal Financial Satisfaction Index saw its highest-ever quarterly growth in the third quarter of 2020, rising 16.5 points, marking a 99% increase from the last quarter. In the second quarter of 2020, the PFSi experienced its largest-ever quarterly drop, falling 18.5 points, a 55% […]
How I Invest My Money – Carl Richards on how he did the sketches!
[embedded content] Carl Richards is the best known illustrator and one of the most sought after expert speakers in finance. You’ve probably seen his sketches in the New York Times or on his blog, The Behavior Gap. Carl talks to Josh Brown about the process by which he created 25 new custom illustrations to match […]
Watchdogs fine Goldman Sachs International £96.6m
The FCA and PRA have hit Goldman Sachs International (GSI) with a fine of £96.6m for management failings in dealing with allegations of bribery and staff misconduct. The regulators said its mishandling of concerns allowing “severe misconduct” to go unaddressed. The failures relate to 1Malaysia Development Berhad (1MDB) and London-based GSI’s role in three fund […]
UAA Model Rules updated to support evolution of CPA licensure
The National Association of State Boards of Accountancy (NASBA) board of directors has approved updated language to the Uniform Accountancy Act (UAA) Model Rules that will pave the way for the CPA Evolution project. NASBA and the AICPA have worked together for years on CPA Evolution, an initiative designed to ensure that newly licensed CPAs […]
Accounting firm RLB names William Bloss managing partner – LVB – Lehigh Valley Business
RLB Accountants of Allentown has named William E. Bloss as its managing partner. He will take over for Martin C. Levin, who has served as managing partner since the firm was formed in 2009. User ID / Email / Password is case sensitive To inquire about group subscriptions or an enterprise site license for your […]
Credit Card EMI Offer – Should you opt?
Credit Card EMI is a facility that allows you to purchase big items on EMI. You need not spend the entire amount from your pocket at a single go. The entire amount will be divided into equated monthly installments and paid on monthly basis. You require a credit card to opt for this facility. Festival […]