Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets. So do many people. An asset is ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

The Australian Prudential Regulation Authority has clarified the treatment of high-quality liquid assets toward meeting higher capital requirements adopted by the Basel Committee on Banking ...

The United States continues to lead the globe in terms of private wealth, with affluent Americans possessing a staggering $67 trillion in liquid investible wealth, which amounts to a third of the ...

The liquid assets in Russia's national wealth fund fell 44% from January 2022 to December 2023. Total holdings in the fund tumbled 12% over the same period amid the war in Ukraine, per Bloomberg.