Trusts are starting to put more of their money into hedge funds and other alternative investments, as heirs exercise more sway over these assets and state laws allow using outside investment managers.

Inertia is a powerful force in potential clients, and one that financial advisers must find a way to overcome.

A bid by the hedge fund Paulson & Co. to force Lehman Brothers Holdings Inc. creditors to disclose trades in the defunct firm's debt is a "fishing expedition" meant to "intimidate," according to debtholders such as Bank of America Corp., Citigroup Inc. and the German central bank.

The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.

The Honolulu-based institution has doubled its loan portfolio over the past five years as its commercial lending has increased.

A handful of institutions in the last year have rolled out loan programs targeting members of the military and first responders, but there could be risks associated with these mortgages if the economy takes a nosedive.

After months of forecasting and bracing for a recession in 2023, the economy seems increasingly durable. But it depends on what you're looking for.

More than half of all cross-border payment fees are concealed in exchange rate markups that few consumers understand.

Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.