Retirees should be aware of how costs can eat into their portfolio balances, and consider making withdrawal adjustments every year, says Morningstar's David Blanchett.
Morningstar's Elizabeth Collins discusses the index's selection process and highlights one of the recent additions.
Morningstar's Jim Leonard explores how well Citi has managed to clean up its balance sheet since the depth of the crisis.
Morningstar's Jaime Peters breaks down Citi and J.P. Morgan's results plus what to expect for BofA and Wells Fargo on Wednesday.
"The primary reason for the drop-off in fines was because there were no auction rate securities cases in 2012," said Brian Rubin, partner in the Washington, D.C., law firm Sutherland Asbill & Brennan.
Among Vikram Pandit's last jobs as Citigroup Inc.'s chief executive officer was to decide the fate of the bank's hedge-fund unit, which employs some of his oldest colleagues. He agreed to give them most of it for free.
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