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President Obama and Family to Return to Martha’s Vineyard for Vacation

U.S. President Barack Obama and his family will be spending their annual, two-week vacation in Martha's Vineyard and will be staying at a plush property located off North Road on the island.

Citigroup Pays $7 Billion to Settle Faulty Mortgage Probe

Citigroup Inc., the famous banking institution, announced Monday that it had agreed to pay $7 billion in fines to the U.S. Justice Department (DoJ) after it was found guilty of selling faulty mortgage securities to investors that eventually led to the financial crisis in 2008.

Kimora Lee Simmons and Tim Leissner Buy $19 Million New York City Home

Kimora Lee Simmons, the “Baby Phat” urban fashion house founder, and her hedge fund husband Tim Leissner have reportedly purchased a $19 million family home in New York City.