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U.S. households boost net worth and cut back on debt

The net worth of U.S. households rose 2% in the first quarter to $148.8 trillion, suggesting that the economy might have enough fuel to keep growing.

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Ex-First Republic Executive to Head Turkey’s Central Bank

Hafize Gaye Erkan’s appointment represents a possible return to more-orthodox economic policies.

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‘It’s my money. I can do anything I want.’ That attitude is a good way to go broke.

Financial advisers can’t force you to cut spending. But they have ways to stop you from breaking your budget.

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Older women are about to inherit a significant amount of cash. Are they prepared?

Single women are about to take control of assets that have largely been handled by men.

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Bank stocks have dodged a bullet. They may not be so lucky next time.

Regulators should require stakeholders in banks to keep a close watch on management.

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Family Offices Are Making Major Changes to Their Investment Portfolios, UBS Report Finds

Wealthy families are shifting to bonds and are diversifying their private-market assets

Wall Street Dreads Biden-Trump Rematch

The finance set wants a business-friendly challenger to emerge and shake up the 2024 race. “Everybody is hoping for a miracle.”

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Pay down your mortgage. Keep a 60/40 stock-bond portfolio. Some money rules are meant to be broken.

Financial advisers debate rules of thumb designed to help investors make sound money moves.

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Local banks are lifeline for small business — America’s economic engine. They need government support.

If current conditions continue, small businesses will find it much more challenging to get loans and financing.

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JPMorgan lays off about 1,000 former First Republic employees

The bank said about 85% of the former First Republic's roughly 7,200 employees received full-time or transitional roles with JPMorgan.

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Citigroup Ends Sale Talks for Banamex, Pivots to IPO

The New York bank will spin off its Mexican consumer unit after a yearlong process failed to find a deal.

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JPMorgan raises net-interest-income guidance to reflect $3 billion bump from First Republic Bank takeover

JPMorgan Chase & Co. raised its net-interest-income guidance on Monday by $3 billion to reflect the bump it will get from its takeover of First Republic Bank.

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PacWest sparks regional-bank rally after unveiling plan to sell loans worth $2.6 billion

PacWest Bancorp's stock jumped 21% Monday after the bank announced asset sales that will allow it to focus on its core community-banking business.

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Would reparations lead to irresponsible spending? Studies on other cash windfalls suggest not, new report says.

Reparations payouts to Black Americans are unlikely to result in reckless spending, financial ruin and reduced labor productivity, researchers say.

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A Military Scientist Wants to Retire at 55 or 60. Will He Have Enough Money?

An adviser suggests how he can shore up his finances and set aside money for his four children.