The average inheritance received in the US in  2016 was about $295,000 (€325,867), up from $169,000 in 1989.

Wealth equal to nearly two times the size of the US gross domestic product is expected to be gifted to charities and heirs in the US over the next few(...)

US president Donald Trump, three of his children and one of his companies filed a federal lawsuit Monday against Deutsche Bank and Capital One Financi(...)

Morgan Stanley is the latest in a line of major US banks to detail an expected near-term tax hit. Photograph: Reuters

Morgan Stanley said it will take a roughly $1.25 billion (€1.04 billion) hit to earnings in the fourth quarter, becoming the latest bank to detail how(...)

Microsoft chief executive Satya Nadella sees AI as a crucial part of the company’s future

Microsoft has said it will release a translation app for Windows and other operating systems from rivals Apple Inc and Google, part of a broader race (...)

 The US Consumer Financial Protection Bureau and Office of the Comptroller of the Currency each fined  Citigroup  $35 million. Photograph: Patrick T. Fallon/Bloomberg

Citigroup was ordered to pay $700 million (€640 million) to customers and fined $70 million over illegal practices related to the bank’s marketing of (...)