Kase Capital Management founder Whitney Tilson says about 60 percent of his assets are sitting in cash amid a rally that has added about $1.6 trillion to U.S. share prices since Election Day. “A lot of volatility” is in store for the market when President-elect Donald Trump takes office in January, he said.
Category: Mortgage
Time to Get a Reverse Mortgage in 2017?
Many seniors struggle financially in retirement. If you need a way to generate extra cash, you might be contemplating a reverse mortgage.
Deutsche Bank Admits Misleading Clients in Dark Pool Trades
Deutsche Bank AG agreed to pay $37 million and admit to misleading customers about its dark pool stock-trading platforms to settle a joint state and federal probe, bringing the bank a step closer to resolving several potentially costly legal challenges in the U.S. The bank will admit to violating state and federal securities laws over a two-year period by failing to address known technical problems with its proprietary dark-pool ranking model, the U.S. Securities and Exchange Commission and New York Attorney General Eric Schneiderman said Friday. “Misleading and self-serving statements that defraud investors will not be tolerated,” Schneiderman said.