The Securities and Exchange Commission has filed charges against a businessman accused of using investor funds intended to develop products to detect cancer and other diseases to pay personal expenses and fund his fiancée’s restaurant.
Dramatic increases in the number and proportion of older people is a struggle facing countries around the globe. Researchers at Columbia University and the University of Southern California have developed a barometer to assess, using five social and economic indicators, which are the best countries to grow old in.
The US equity market hit new highs, but bond yields are expected to fall after the US Federal Reserve voted to keep rates on hold at its latest meeting.
A former Credit Suisse banker who helped wealthy Americans dodge millions of dollars in income taxes for nearly a decade has pleaded guilty.
Despite positive economic indicators, uncertainty over US interest rates, political risk and high valuations are casting shade on global equities, says Rory McPherson, head of investment strategy at Psigma.
US-headquartered Prudential Financial has entered the Indonesian life insurance market in a joint venture with a unit of local group CT Corp in Jakarta, the companies said in a statement.
The bulk of US treasuries are owned by the Fed and foreign investors. But this is set to change, and it could have serious consequences.
The UAE ambassador to the US has been caught up in the international scandal involving Malaysian sovereign wealth fund 1MDB, after reports that companies connected to him received millions of dollars allegedly stolen from the fund.
A man disqualified from working as a director in the UK has been charged with fraud by the US Securities and Exchange Commission (SEC) for misleading investors in a $37m (£28m, €32m) scam.
A former financial adviser has been sentenced to four years in prison after being found guilty of a multi-million dollar fraud case involving retired San Antonio Spurs basketball player Tim Duncan.
Australian supermodel Miranda Kerr has handed over $8.1m (£6.4m, €7.2m) worth of jewellery to US authorities that she allegedly received from former boyfriend Jho Low, a person of interest in the 1MDB scandal.
Schroders has set up a new company as part of its wealth management division called Schroder Wealth US that will sit alongside its existing UK subsidiary, Cazenove Capital.
