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Citigroup Must Face $1 Billion Lawsuit Claiming it Aided Mexican Oil Company Fraud

by The Wealth Advisor Contributor
Citigroup faces revived lawsuit claiming it caused $1Bn plus losses orchestrating and concealing fraud at now-now-bankrupt oil and gas Oceanografia.
Markets

Featured

Wellington, Vanguard, and Blackstone to Collaborate on Investment Solutions Combining Public and Private Assets

Wellington Management, Vanguard, and Blackstone announce alliance to transform how investors access institutional-caliber investment opportunities.

Wall Street Bonuses to Drop as Uncertainty Prevails, Consultancy Says

Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report.

SEC Has Concluded Investigation Into Morgan Stanley's Cash Sweep Practices

Morgan Stanley has announced the SEC has concluded its investigation into the firm's cash sweep practices without recommending enforcement action.

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Companies
Jan. 30, 2023

Tesla Stock: JP Morgan Note Pours Cold Water on Sizzling Rally

Tesla stock has risen too fast this year based on numerous uncertainties around the EV maker's business, JP Morgan analyst Ryan Brinkman argues.

Real Estate
Jan. 30, 2023

Housing: Here's What it Will Take to Buy a Home This Year

Thinking about buying a new home in 2023? First, the bad news: Affordability is still a serious challenge for most buyers - George Ratiu, realtor.com.

News
Jan. 30, 2023

FOMO-Fueled Tech Rally Steamrolls Over Pile of Earnings Warnings

Earnings from high-profile technology companies last week ranged from uninspiring to downright disastrous.

Economy
Jan. 30, 2023

Why It's Such a Bizarre Moment for Investors Rights Now: Morning Brief

The markets are off to a rocking start this year, making this a bizarre time to be an investor.

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Barack and Michelle Obama’s Former Martha’s Vineyard Hideaway Lists for $39 Million as Couple Spark Furious Divorce Rumors

Washington Wire

DOL Halts Enforcement of Independent Contractor Rule Targeting Financial Advisors

Commentaries

Commentary: These Trumpers Aren't Worried About a Trump Recession

Washington Wire

Trump Aims at 'Fool' Powell After Fed Rate Hold

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FINRA Defends Proposed OBA Rule Overhaul Amid Advisor Backlash

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