Mixetto | E+ | Getty ImagesThe U.S. retirement system doesn't get high marks relative to other nations.In fact, the U.S. got a C+ grade and ranked No. 29 out of 48 global pension systems in 2024, according to the annual Mercer CFA Institute Global Pension Index, released Tuesday. It analyzed...
Category: Finance
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCWarren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night filing...
Crypto relationship scams pose ‘catastrophic harm,’ SEC official says. Here’s how to avoid them
krisanapong detraphiphat | Moment | Getty ImagesInvestors are at a heightened risk of cryptocurrency scams tied to fake relationships established over social media, dating apps and networking sites, federal officials warn.Such frauds occur when scammers use dating apps, social media platforms, professional networking sites or encrypted messaging apps to pose...
Digital bank Revolut slams Meta over approach to scams, says tech giant should compensate victims
Revolut CEO, Nikolay Storonsky (L) and Meta CEO, Mark Zuckerberg.ReutersBritish financial technology firm Revolut on Thursday criticized Facebook parent company Meta over its approach to tackling fraud, saying the U.S. tech giant should directly compensate people who fall victim to scams via its social media platforms.A day after Meta announced...
SEC charges Merrill Lynch, Harvest Volatility Management for ignoring client investment limits
A logo for financial service company Merrill Lynch is seen in New York.Emmanuel Dunand | Afp | Getty ImagesThe U.S. Securities and Exchange Commission charged Harvest Volatility Management and Merrill Lynch on Wednesday for exceeding clients' predesignated investment limits over a two-year period.Merrill, owned by Bank of America, and Harvest...