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Industry News

Displaying 28133 results

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Citigroup lifer leaves head of wealth services role amid reorganization

The Wall Street firm is working on an overhaul of its wealth business structure.

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Weaker greenback means EM currencies are rebounding

But profit-taking could spark near-term volatility.

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Will employers pass the college planning test?

As federal student loan payments resume, parts of the SECURE 2.0 Act will soon make it easier to save for college or contribute to a 401(k).

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Bitcoin ETF hype has Wall Street eyeing crypto potential

The SEC is expected to green-light spot-bitcoin ETFs in coming months, and that's seen as kicking open investing in digital currency among both institutional and retail investors.

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Citi initiates restructuring with significant job cuts

Thousands could be affected as bank slashes positions.

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Goldman Sachs Japan president in sudden departure

Hank Paulson-appointed regional boss abruptly out.

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Nepsis boosts tax and accounting capabilities with acquisition of full-service firm

National RIA firm will incorporate 70-year-old firm into its existing brand structure.

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Dollar down further on rates speculation

Traders are eyeing a rate cut early in 2024.

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Wealthfront reaches $50B AUM milestone, 2023 revenue growth near 140%

Automation and a focus on delivering value to clients are secret to success.

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Treasuries saw first net outflows in two years, official data reveals

Foreign investors sold $1.7B more than they bought in September.

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Big banks face larger burden from SVB collapse

FDIC deposit insurance fund paid out around $16B.

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Edelman purchases $500M Massachusetts RIA

The acquisition is Edelman’s fifth over the last year.

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Savant acquires $2.2B firm to add Alabama to its growing footprint

The acquisition is the firm’s second largest of 2023 and one of three above $1.5B.

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BlackRock, Blackstone chiefs get seats at Xi’s top table

The investment industry leaders were among the guests at the Chinese president's exclusive dinner in San Francisco.

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Oil drops further as US inventories hit three-month high

Market concerns over demand intensify amid strong supply.

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Emerging Asia bonds out of step with rally in US Treasuries

Emerging Asian nations set to lose out amid optimism that the Fed will start to ease back.

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Corporate climate efforts weakened by economic slowdown

Investing in net zero is not economically attractive, say 40% of heavy industrial companies.

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AIG, BlackRock, JPMorgan included on list of ‘overpaid’ CEOs

High compensation does not always equate to high performance, report by As You Sow finds.

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AlTi Global to stay focused on M&A

'There are some high, high quality firms that have been competitors of ours for years that are willing to engage,' says AlTi CEO Mike Tiedemann.

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Investors ‘very concerned’ about 2024 presidential election: Survey

Advisors say it’s premature to be worried about the results of the election – and frankly, the incumbent doesn’t matter.