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NFL Linebacker Files $20M Lawsuit Against Bank Of America For Alleged Fraud
(Mike Mozart) When looking to manage one’s money, it wouldn’t be unusual to seek advice from the financial professionals at one of the country’s largest banks. But an NFL linebacker says his decision...
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Buying Out Life Insurance Policies Is A Bad Investment When People Keep Living
(New England Oddities)Earlier this year, a company called Life Partners declared bankruptcy. They had a pretty simple business model: they brought together investors and dying people in need of cash....
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Citi To Return Additional $4.5M In Overcharged Fees To 15,000 Investment...
(frankieleon) Last October, Citigroup agreed to return a total of $16 million to nearly 30,000 customers after an investigation by the state of New York found the company overcharged some customers...
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JPMorgan Chase To Pay $367 Million For Secretly Steering Clients To...
When you pay a bank’s investment adviser to help you put your money in a smart place, you would hope that they would steer you to a product that best serves your interest. You’d also hope that if an...
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Groupon Still Exists, Gets $250M Investment From Comcast
Last fall, things didn’t look good for Groupon — the deal site that three of your friends wouldn’t shut up about in 2011. Its stock price had sunk to a new low as it fired more than 1,000 employees and...
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Winner Of The Jet Signup Contest Spent $18K On Ads, Prize Now Worth Millions
Back at the beginning of 2015, before it launched to the public, e-commerce site Jet used a contest to encourage people to refer others to the site. The winner was a Pennsylvania man who spent $18,000...
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Kobe Bryant Launching $100M Venture-Capital Fund With Investor Pal
Newly retired NBA player Kobe Bryant is moving from scoring baskets to scoring deals with his new career title: venture capitalist. Bryant and his partner, investor and entrepreneur Jeff Stibel, have...
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Comcast Doubles Down On Buzzfeed With Another $200M Investment
In its continuing quest to take over the content world, Comcast is once again splashing out with a big investment into journalism and listicle juggernaut BuzzFeed. According to sources cited by Recode,...
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Investors Betting That Mall Owners Will Default On Mortgages
Nearly a decade ago, some investors scored big payouts by predicting that the housing boom’s glut of mortgage-backed securities would turn out to be toxic. Now there are investors betting on the hope...
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Investment Advisors Will Be Required To Work In Your Best Interest, But Will...
After a nearly four-month delay, the Trump administration has decided to allow the Department of Labor to move forward with a rule intended to stop investment advisors from pushing customers into...
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