LATEST NEWS FROM money - money
BUSINESS
BofA's Merrill admits misleading customers, to pay $42 million SEC fine
Bank of America Corp's (BAC.N) Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed...
MONEY
Your Money: How to deal with the paperwork scramble after a spouse dies
When you are grieving a departed spouse, the last thing you want to think about is changing the title to your car. Same goes for your house, your bank accounts, the reti...
MONEY
New 'spider' ETF captures Facebook, AT&T in its web
State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which inclu...
FINANCE-BANKS
Wells Fargo mulls combining wealth management divisions
Wells Fargo & Co (WFC.N) said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to in...
U.S. LEGAL NEWS
Merrill Lynch reviewing ban on commissions-paying retirement accounts
The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new re...
MONEY
In 'world of two halves' funds buy U.S. stocks, exit Europe: BAML
Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight we...
FINANCE-BANKS
Wells Fargo receives final approval to settle $142 million lawsuit
Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affect...
FINANCE-BANKS
Italy court rules it cannot hear Morgan Stanley derivatives case
An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley (MS.N) that included a reque...
MONEY
Exclusive: Ackman's hedge funds gain after years of losses, Chipotle helps
William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire ...
MONEY