Topic: Wealth

Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said.

In these tough market conditions, it could be said that no private jet model is 100 per cent safe. But this has not stopped new types of private jet travel emerging.

Britain's wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons' earnings and savings were squeezed by inflation and low interest rates.

In the 1470s, the prominent Spinola family of Genoa had an apprentice business agent in Barcelona named Christopher Columbus helping to handle their shipments, preparing the young sailor for his later voyages of discovery to the New World.

The world’s richest chief executives have all either founded or built companies from modest beginnings, in many cases transforming their industries.  Their wealth is so large that it makes the earnings of the average CEO — with their stock options, pension plans and bonuses — look like pocket change. Find out who are the world’s wealthiest billionaire-CEOs.

The hole in the pension plans of US labor unions now stands at $369 billion, Credit Suisse has calculated with the aid of new reporting standards. This raises the prospect of higher pension contributions for employers and deteriorating industrial relations. The Financial Times reports.

Public workers’ pension funds across the country are increasingly turning to riskier investments in private equity, real estate and hedge funds, and they aren't paying off, reports the New York Times.

The Illinois winning ticket was sold in the small town of Red Bud, near St. Louis. The Maryland lottery winner is from Baltimore County. No details released on Kansas.

The grass really is greener on the other side of the fence in some places around the country. According to a Census Bureau report, U.S. household income inequality has grown by 18 percent since 1967, although this trend has slowed in recent years.

“Mad Men” plays to fantasies of louche living, but it also gives credibility to the liberal belief that high taxes won’t constrain the rich.

The 75 richest members of China's National People's Congress have an average net worth of $1.2 billion. We've put together a list of the 10 richest congress members  based on the Hurun Report. Find out who are China's wealthiest government officials.

After the stock market sank in 2008, many investors lost money from their 401(k)s, leaving those who are looking to retire strapped for cash, the New York Times reports.

As many as 27 percent of the 37 million student-loan borrowers have past-due balances of 30 days or more, a Federal Reserve Bank of New York report showed. The New York Times reports.

With its relatively heavy taxes on labor, light taxes on unearned income and broad ranges of rates within the same income levels, the American tax code violates fundamental principles of income taxation. The New York Times reports.