Bank of New York Mellon Corp., the world's largest custody bank, agreed
to buy Talon Asset Management's wealth management operations, adding
more than $800 million in assets.
Congress will return from its spring recess next week to debate just how
large a tax burden Americans can and should shoulder.
Less than half of wealthy Americans say that leaving an inheritance is important, according to a survey by U.S. Trust.
How is it a novel so many readers describe as "life-changing" took 54
years and a gaggle of producers, writers and directors to bring to the
screen?
Goldman Sachs Group misled clients and Congress about the firm's
bets on securities tied to the housing market, U.S.
Senate Carl Levin says.
The IRS is focusing on the
wealthiest Americans with money overseas as it develops regulations that
will require foreign banks to give the government more information
about those customers.
by
Ray Fazzi
McDermott Will & Emery LLP has recruited a team led by Carlyn S. McCaffrey-a prominent attorney and lecturer-as part of an
expansion of its New York City private client group.
by
Ray Fazzi
Arrests have been made in a "massive" insider-trading scheme that relied on tips from a corporate attorney, according to federal authorities.
When hedge-fund manager Joe DiMenna was looking for a symphony to
support more than a decade ago, the Orchestra of St. Luke's in New York
caught his ear.
The Internal Revenue Service is extending the filing
deadline of a form needed to help determine the taxes on estates of
people who died in 2010.
China's
growing ranks of millionaires are set to buoy sales at Sotheby's spring
auction in Hong Kong as collectors seek fine porcelain, wine and paintings.
TIAA-CREF, the largest U.S. manager of pensions for
teachers and academic researchers, will provide $1 billion in capital to
a new unit that will oversee investments for endowments.
While much of Florida's real estate market remains depressed, buyers seeking homes in the state's affluent enclaves are finally getting off the fence, observers say.
Gold may rally to a record as investors from China, Japan and the Middle
East buy the metal on expectations of "hyper inflation" created by
central banks, according to Phoenix Gold Fund Ltd.
The world is beset by crises, from an earthquake and
tsunami in Japan to revolution and repression in the Middle East. For
one small segment of the population, however, it's party time.
Collector's at a $1.4 billion art fair in Maastricht held back from buying because of the ongoing political unrest and natural disasters, dealers said.
China has overtaken the U.K. to become the world's second-largest art market after the U.S., according to new research.
How much does it take to feel wealthy these days? For
many millionaires, it's about $7.5 million, according to a survey by
Fidelity Investments.
The high-stakes insider trading trial of hedge-fund billionaire Raj Rajaratnam began with all the anticipated drama-and an overflow crowd of onlookers.
by
Ray Fazzi
Members of the Institute for Private Investors will have the research
and networking services of Campden Media available to them now that the two groups have merged.
