bank accounts

WASHINGTON | US household wealth jumps $2T, led by rising stock market

WASHINGTON  — A stock market rally, which has since reversed, propelled U.S. household net worth to a record high of $109 trillion in the July-September quarter. The Federal Reserve says the value of Americans‘ stock and mutual fund holdings soared $1.2 trillion. Home values rose $200 billion. Other assets, such as bank accounts, also increased. … Continue reading WASHINGTON | US household wealth jumps $2T, led by rising stock market

SINGAPORE | Singapore recovers $11.1m linked to 1MDB Malaysia Fund

SINGAPORE — A Singaporean court has ordered the return of 15.3 million Singapore dollars ($11.1 million) linked to the indebted 1MDB Malaysian state investment fund. Law firm Tan Rajah & Cheah said Monday that the misappropriated funds were being transferred to a special 1MDB recovery bank account in the Malaysian capital, Kuala Lumpur. It did … Continue reading SINGAPORE | Singapore recovers $11.1m linked to 1MDB Malaysia Fund

PHOENIX | Sales director for Backpage.com pleads guilty to conspiracy

PHOENIX— The sales and marketing director of Backpage.com pleaded guilty to conspiring to facilitate prostitution in a scheme to give free ads to prostitutes in a bid to draw them away from competitors. The plea Friday by Dan Hyer marked the second Backpage.com employee to plead guilty in cases in Arizona in which the site … Continue reading PHOENIX | Sales director for Backpage.com pleads guilty to conspiracy