Multiple former high-level Wells Fargo executives are under criminal investigation in connection with the bank’s fake-account scandal and could be indicted as soon as this month. Federal prosecutors have been eyeing potential charges against individuals who were once in the San Francisco bank’s upper management ranks, according to sources familiar with the situation. Until this […]

CAIRO (Reuters) – Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday. The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by […]

Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Why retiring at 65 could become a thing of the pastAs much as 54% of Americans will either stop working after age 65 or never retire at all, according to a study in this CNBC article. Just 24% of […]

BERLIN (Reuters) – German unemployment rose more than expected in December, according to figures released on Friday, adding to signs that weakness in the manufacturing sector is hurting the labor market in Europe’s biggest economy. Data from the Federal Labor Office showed the number of people out of work rose by 8,000 to 2.279 million […]

Client referrals and pension transfers were seen as the biggest opportunity areas by financial advisers in 2019, according to a survey by fintech Intelliflo. For 2020 recruiting new staff has replaced pension transfers as the second most popular opportunity for companies, with pension transfers slipping to third place. Existing clients recommending new clients and pension […]

  HMRC convicted more than 600 individuals for tax crimes in 2019 and started more than 610 new investigations. The tax authority says that its Fraud Investigation Service brought in £5bn during the year through civil and criminal investigations, in line with previous years. Convictions and probes covered every type of financial crime including tax […]

Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about. Financial surprises retirees (and those about to retire) must avoidRetirees must be prepared to handle a wide array of potential financial surprises that could catch even the most prepared seniors in retirement off their guard, according to this Kiplinger […]

What is one thing every business owner lacks? Time. Time is one of the most valuable commodities as a business owner, making it imperative to strategically maximize. A roadblock I see many business owners face is the struggle between providing high-value and having the time to do it. Every business wants to provide its clients […]

BERLIN (Reuters) – German employment reached a record high in 2019 as higher labor-market participation and increased immigration of foreign workers more than offset demographic change, the statistics office said on Thursday. The number of people with jobs rose by 402,000, or 0.9%, to 45.3 million despite weaker economic growth last year, the office said. […]

Technology funds bounced back to lead global markets over the past decade but energy funds fared badly with funds in this sector forming half of the top 10 worst performers, according to analysis by Willis Owen. The top ten performing funds were a mix of technology focused, Japanese small cap and UK Smaller companies, said Willis […]