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Industry News

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Crypto convict: Bankman-Fried will spend decades in jail

FTX founder committed "one of the biggest financial frauds in American history" and justice was swift.

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US jobs data in focus, markets optimistic

It's hoped the stats will give weight to a looser rates policy from the Fed.

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BofA strategist sees year-end equities rally, risk of recession

Wall Street bear Michael Hartnett says technical barriers should not block S&P 500 rally.

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Equities gain as Fed signals potential end to rate hiking

World markets have reacted to Fed chair Jerome Powell's comments.

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Ultra-rich investors are pulling back from $1M+ artworks

The high-end art market is thinning out according to UBS.

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Vanguard will shutter China office next year, but it could return

The firm says it will monitor the market for further opportunities.

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World’s largest pension fund drops $4.5B in third quarter

GPIF posted the huge loss due to decline for domestic bonds.

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Schwab cuts more than 2,000 jobs amid TD integration

The firm is trying to curb costs as it continues to integrate TD Ameritrade.

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Alexandra Lebenthal joins Rockefeller

Third-generation Wall Streeter will continue focus on women-led businesses.

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Fed decision day: ‘Hawkish’ hold expected, Treasuries gain

US stock futures down ahead of FOMC announcement Wednesday.

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State Street shakes up leadership as senior exec announces retirement

Changes will have a particular impact on the firm’s investment services business.

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Are white-knuckle traders a dying breed in macro funds?

Just a few years ago, Glen Point Capital co-founder Neil Phillips was celebrated as an aggressive but canny…

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KKR aims for $2.5B with second Asia real estate fund

New York PE firm sees strong opportunities in Japan, Australia, and Southeast Asia.

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Former UBS leader becomes new CEO at Advisor Credit Exchange

Co-founder Peter Stanton remains with the firm as strategic advisor.

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Schroders Capital launches $30B private debt and credit business

Led by US co-heads, the unit aims to meet investor demand for diverse assets.

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Fed expected to pause again, key global data ahead

The central bank's FOMC committee is meeting from Tuesday.

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Jamie Dimon to sell $141M JPMorgan shares

The disposal is for diversification and tax-planning purposes.

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It’s time to short European bank stocks, say Wall Street strategists

The sector has been performing well but this could be about to change.

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What will AI do to quants? Here’s what $23T investors think

Invesco survey considers the pros and cons of emerging technology.

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LPL’s Arnold eyes ‘opportunity’ created by Schwab integration of TD

LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.