Tuesday, Nov. 25, 2008

Check Your Most Recent Bank and Brokerage Statement for Accuracy

The pace of mergers and takeovers in the financial services industry has quickened as weak institutions fall into the arms of stronger ones. Given the upheaval of the past month it's possible — though, thankfully, far from likely — that your statement may contain an error. If you do not correct it promptly and your institution is taken over you will, at best, have a long and difficult case to press to get your money back.