Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University. Continue reading
Economist Milton Ezrati argues that the economic policies of Japanese Prime Minister Shinzo Abe — known collectively as “Abenomics” — aren’t doing enough to address the demographic challenges of an aging population. Japan’s economy, he believes, needs more innovation to break away from a failed economic model. Continue reading
WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
Women and millennials are pushing social impact investing into the mainstream, but their support for gender diverse and environmentally sustainable companies isn’t just about feeling good, says Pax World CEO Joseph Keefe; it’s also about higher shareholder return over the long term. Continue reading
In many cases, getting more Social Security benefits from working longer outweighs the additional Social Security taxes you’d need to pay, says Social Security expert Larry Kotlikoff. Continue reading
Don’t accept a new job, and maybe even consider not quitting your current job, until you’ve seen the employee handbook. That may sound risky, but taking a job without knowing all the terms is risky, says headhunter Nick Corcodilos. Continue reading
There’s been little improvement in the percentage of women serving on corporate boards or in chief executive roles at Fortune 500 companies. But with more women earning degrees, why are we simply “treading water”? Paul Solman speaks with Brande Stellings, whose nonprofit tracks the results of women in business. Continue reading
A spring frost in Turkey destroyed hundreds of thousands of hazelnut flower buds and is responsible for an expected global deficit of the nut. Prices of hazelnuts are expected to increase 60 percent. Turkey produces around three-quarters of the world’s … Continue reading