News

Mortgage Deal : Government Promises Tough Oversight

The government released the fine print of its landmark $25 billion mortgage settlement, and promised to closely police the banks' pledges to bring widespread housing relief, even while letting them dodge admission of wrongdoing.

Retirement Plans: Is an Annuity in Your Future?

The Treasury recently unveiled a series of proposed regulations and rules aimed at promoting the use of annuitization. Some of the proposals involve enhanced features in traditional defined benefit retirement plans.But one focuses on a little-used form of annuity known as a longevity policy - essentially a deferred annuity that can be bought well ahead of retirement with payouts delayed to an advanced age.

Citigroup Could Be Surprise Winner in Stress Tests

Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks.