The Bank of New York Mellon on Wall Street, New York. Scott Mlyn | CNBC Bank of New York Mellon reported a 7% fall in quarterly profit on Wednesday, as the world’s largest custodian bank earned lower fees and took a hit from a drop in interest rates. Net income applicable to common shareholders fell
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Getty The largest dark web child pornography site in the world has been taken down. That was the word today from the U.S. Attorney’s Office for the District of Columbia, the Justice Department’s Criminal Division, the IRS Criminal Investigation (IRS-CI), and U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), together with the National Crime
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(Photo by Thomas Eisenhuth/picture alliance via Getty Images) picture alliance via Getty Images Many people are happy to lend money to their loved ones, especially to children and grandchildren. But before stroking the check, review the tax rules. The tax consequences vary greatly depending on the terms of the loan. A small change in the
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An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images U.S. regional bank PNC Financial Services on Wednesday posted a near 1% fall in net profit as the bank set aside more money to cover bad loans. The Pittsburgh, Pennsylvania-based bank’s net income attributable
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Nobel Prize-winning economist Robert Shiller came to the New York Stock Exchange to discuss his new book, “Narrative Economics.” It’s a book about storytelling: Humans understand the world by telling stories, Shiller says. “The most natural thing in our brains to talk about is gossip, okay?,” Shiller said. “We love these stories. We center around
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Credit: Getty Royalty Free Getty Granting people gifts makes you and them happy. If you can tailor your generosity so not to pay tax on your largesse, you will be even happier. It pays to know the rules about the taxes that your magnanimity may trigger. Without incurring any taxes, you can give one person
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