Business

Wells Fargo’s $110 Million Settlement

By Rob 0
The latest development in the Wells Fargo saga has good news for some of its customers: The bank will pay $ 110 million to settle a class-action lawsuit for around 2 million accounts opened without customer permission. The settlement, which is awaiting court approval in California, comes amid six months of continual fallout for Wells Read More

Sebi settles case against JP Morgan Mutual Fund for Rs91.8 lakh

By Selene 0
Mumbai: The Securities and Exchange Board of India or Sebi on Wednesday said the market regulator has settled a case against JP Morgan Mutual Fund through so-called consent mechanism for a fee of Rs91.8 lakh and on the condition that the fund house will debar itself from issuing any new scheme for a year. On Read More

Black Americans Are Working More—With Little to Show for It

By Rob 0
The discrepancies in earnings, wealth and other markers of financial success between black and white Americans are stark. Black Americans, for instance hold much less wealth and have higher rates of unemployment. But perhaps more unsettling than the gaps themselves is the fact that even as many black Americans make progress that should help bridge Read More

Gold prices slip for second day on stockists’ selling

By Selene 0
Mumbai: Gold prices slipped for the second straight session at the bullion market on Wednesday due to sustained selling by stockists and jewellery traders. Meanwhile, silver strengthened for the third day owing to industrial buying support. Standard gold (99.5 purity) fell by Rs 100 to end at Rs 28,760 per 10 grams from Tuesday’s level Read More

Dishman Pharma shares surge 8.5%

By Selene 0
New Delhi: Shares of Dishman Pharmaceuticals continued to surge for the second trading session and rose by 8.5% on Wednesday, after the company’s partner Tesaro got the US FDA’s approval for an ovarian cancer drug. The stock climbed 8.38% to settle at Rs 301.50 on BSE. Intra-day, it soared 15.56% to Rs 321.50. At NSE, Read More

Preparing to invest—cash flows and emergency funds

By Selene 0
The beginning of a financial year is usually the time people rethink their financial lives. Mint recently organised a half-day conference on strategies for personal finances in the new year. The first panel discussed options to manage cash flows and emergency requirements better. Panel two looked at insurance. Panel three at investment in mutual funds. Read More

The smart way to manage money: insure your health, wealth and house

By Selene 0
Panellists discussed the roles of health, life, vehicle and home insurance in managing our money box. Participating in the discussion were: Kapil Mehta, co-founder, SecureNow Insurance Broker Pvt. Ltd; K.S. Gopalakrishnan, managing director and chief executive officer, Aegon Life Insurance Co. Ltd; K.V. Dipu, president and head of operations, Bajaj Allianz General Insurance Co. Ltd; Read More