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Industry News

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Topic

Laird Norton, Wetherby to bring all offices under new streamlined brand

The move combines wealth management and investment advisory under one name.

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ETFs, model portfolios among the hottest investment trends for 2024

Natixis Investment Managers’ portfolio managers, strategists and executives share their outlook.

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It’s too soon to bet on aggressive rate cuts, says IMF executive

Inflation is still not under control so cuts may be smaller than expected.

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Why US earnings may easily beat expectations

Morgan Stanley analyst says forecasts have set the stage for surprises.

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EM stocks drop for worst start to a year since 2016

Geopolitics and higher rates are weighing on sentiment.

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Wells Fargo Advisors to sell new bitcoin ETFs

'We’ve made significant investments the last few years across our franchise to better serve our customers, and help drive growth,' says Wells CFO Mike Santomassimo.

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Merrill adds new clients by tapping Bank of America customers

'In 2023, a record number of existing Bank of America clients became Merrill clients,' says Eric Schimpf, president and co-head of Merrill Wealth Management. 'We can and will do more here.'

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JPMorgan posts record net interest income

The bank said the windfall may continue this year; its earnings also included a $2.9B charge for an FDIC special assessment related to last year's bank failures.

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Blackstone elevates duo to co-chief investment officers

$1T asset manager has also promoted Americas real estate head to a global role.

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Goldman Sachs, Northern Trust announce asset management leadership moves

People moves are gathering pace as the new year gets underway.

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Broker-dealers and bitcoin ETFs: To sell or not to sell?

'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'

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JPMorgan Asset Management thinks Fed cuts could be deeper

Wall Street firm believes that while 1.5% of cuts is probably correct, there could be more easing needed.

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Here we go again: Ether gains on hopes for SEC ETF approval

'Runner-up' crypto has gained more than bitcoin since the SEC approved spot ETFs.

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Citadel Securities is sole bidder for Credit Suisse’s China venture

While many firms are pulling back from the market, the Ken Griffin founded firm sees opportunity.

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BlackRock, Ark cut fees on bitcoin ETFs again

Fund companies try to position their products to attract first-day inflows that could hit $4B once the SEC approves the funds.

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Private health insurance premiums to reach new record high this year

Costs surged in 2023 and are set to do the same in 2024, says new report.

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Bitcoin steady following fake SEC social media post on ETFs

Hackers posted on regulator's X account that it had approved spot ETFs.

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Luxury housing market to be driven by sustainable homes, AI

New report says environmental concerns are becoming mainstream.

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Billionaire vs. auction house $233M trial begins over ‘lost Leonardo’

New York court case provides rare glimpse of often opaque fine art world.

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SEC denies bitcoin ETF approval after X account compromised

Chair Gary Gensler denounces unauthorized social media post.