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4 Mar 2019, 3:56 pm by Alison Epperson
  Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $59.1 billion in the fourth quarter of 2018, up $33.8 billion (133.4 percent) from a year ago. [read post]
4 Mar 2019, 11:47 am by Jeremy C. Sairsingh
Titled “Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends,” the report draws on a non-public data derived from Suspicious Activity Reports (SARs) filed with federal regulators from 2013 to 2017. [read post]
26 Feb 2019, 10:45 am by Evan Lohr
The executor has many important functions to complete, including: Gathering and inventorying all assets of the estate Appraising the assets Collecting any payments or debts owed to the estate Paying any valid debts owed by the estate Filing and paying local, state and federal taxes Distributing assets to the beneficiaries according to the will or state law The executor owes fiduciary duties to anyone who has an interest in the estate. [read post]
26 Feb 2019, 8:13 am by Kevin Kaufman
Table 1 illustrates how the federal tax code applies to different forms of saving and investment: some are taxed on either the principal or the returns, some are taxed on both, and some are taxed on neither. [read post]
19 Feb 2019, 5:56 pm by Dennis Crouch
And that goes all the way back to Dollar Savings Bank in the 19th Century. [read post]
19 Feb 2019, 6:08 am by Matt Van Steenkiste
The originators are well known banks, among others: JPMorgan Chase Bank, N.A.Charter One Bank, N.A.Bank of America, N.A.RBS Citizens, N.A.Union Federal Savings BankAmeriCreditAlly FinancialBank of America N.A.These loans were structured with the assistance of the First Marblehead Corporation. [read post]
16 Feb 2019, 9:51 am by Ilya Somin
Hopefully, this will finally put an end to Charlie Birnbaum's prolonged struggle to save his family home. [read post]
14 Feb 2019, 8:00 am by Mike Habib, EA
Under the Anti-Deficiency Act, federal funds may not be spent in the absence of an appropriation except where otherwise provided by law. [read post]
14 Feb 2019, 7:55 am by John Floyd
  The second red flag appears when the auditor checks with the source of the outside income with inquiries about why it was not reported and receives evasive responses – denying being a source of the outside income, concealment of bank statements where the extra money is being saved, and any other false statements about the matter. [read post]
13 Feb 2019, 9:00 am by Victor Medina
Because of the way that saving, and compounding, and investments work, they basically left well enough alone for the better part of 30 years, It worked out. [read post]
13 Feb 2019, 5:01 am by James Edward Maule
These banks saw their effective federal income tax rate fall from 28 percent to below 19 percent. [read post]
11 Feb 2019, 1:12 pm by David M. Offen
Which exemption you claim depends on what kind of property you want to save. [read post]
31 Jan 2019, 2:03 pm by Kevin LaCroix
  For example, consider hospital patients in desperate need of an immediate operation but whose records are locked up by a ransomware attack – quick payment may save their lives; and Ransomware payment may mean not going public with the data breach. [read post]
31 Jan 2019, 1:12 pm by Elizabeth Dalziel
Our regulatory practice group assists financial service providers with complex issues that arise in the course of their business, including compliance with federal and state laws and rules. [read post]