Thursday 16 August 2018

U.S. banks teach financial literacy with hands-on experience

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U.S. banks teach financial literacy with hands-on experience

Last year, Abbey Jones' high school routine had a twist. For 45 minutes each week, she became one of 15 student tellers at the Community Spirit Bank branch at Red Bay High School in Red Bay, Alabama.

Retirement success: focus on the paycheck, not a savings number

Steve Vernon is an expert on numbers - but please do not ask him for your "number" - that is, the amount you need to save to insure a successful retirement.

Australia's AMP channeled pension funds to subsidiaries: inquiry

Australia's No.1 retirement and wealth management company AMP Ltd paid hundreds of millions of dollars from customers' retirement accounts to its subsidiaries in possible contravention of trust laws, an inquiry heard on Thursday.

Why Americans are more cautious about the cost of college

CHICAGO - Since he was in fourth grade, Dennis Nolte's stepson Jacob has been tacking Massachusetts Institute of Technology posters to his bedroom wall and dreaming of attending some day.

Be humble, be frugal: Life lessons from Big Sick's Showalter

Michael Showalter's path to success in Hollywood has as many plot twists as the movies he directs, which include the hit romantic comedy "The Big Sick."

SEC charges Ameriprise for not safeguarding client assets

Ameriprise Financial Services Inc will pay $4.5 million to settle charges that it failed to safeguard client assets after five of its representatives allegedly stole more than $1 million, the U.S. Securities and Exchange Commission said on Wednesday.

Major Tesla shareholders trimmed stakes last quarter: filings

Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month.

Ackman's Pershing Square trimmed ADP stake in second-quarter: filing

William Ackman's Pershing Square Capital Management trimmed its stake in Automatic Data Processing by selling 3.7 million common shares in the second quarter, a regulatory filing on Tuesday showed.

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