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Citi's Sieg sees rich clients pivoting from US to UK
PRACTICE MANAGEMENT JUL 03, 2025
Citi's Sieg sees rich clients pivoting from US to UK

The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.

After three-year retreat, Wells Fargo jumping back into CLOs
FIXED INCOME JUL 03, 2025
After three-year retreat, Wells Fargo jumping back into CLOs

With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1.3 trillion market.

Having passed easier Fed stress test, biggest US banks bump up payouts
EQUITIES JUL 02, 2025
Having passed easier Fed stress test, biggest US banks bump up payouts

The largest lenders on Wall Street are boosting their dividends after the latest exam showed they could weather a what-if economic downturn.

US stocks flat following private jobs data shock
EQUITIES JUL 02, 2025
US stocks flat following private jobs data shock

An unexpected decline in private sector payrolls, the first decrease in two years, has investors revisiting the outlook for the broader labor market.

Trump's tax bill passes senate in hard-fought victory for Republicans
REGULATION, LEGAL & COMPLIANCE JUL 01, 2025
Trump's tax bill passes senate in hard-fought victory for Republicans

The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.

Powell says tariffs' inflation impact to show this summer
EQUITIES JUL 01, 2025
Powell says tariffs' inflation impact to show this summer

Whether prices will heat up or cool down is the must-watch event for the Federal Reserve and those calling for a July rate cut.

With Covid cash gone, public schools swarm muni bond market
FIXED INCOME JUN 30, 2025
With Covid cash gone, public schools swarm muni bond market

Bond issuance has ramped up by more than 35% year-on-year as declining birth rates push school districts to "keep up with the Joneses."

Supreme Court slaps down challenge to IRS summons for Coinbase user data
ALTERNATIVES JUN 30, 2025
Supreme Court slaps down challenge to IRS summons for Coinbase user data

Crypto investor argues the federal agency's probe, upheld by a federal appeals court, would "strip millions of Americans of meaningful privacy protections."

Citi Wealth CIO wary of 'warning flags' in S&P rally
EQUITIES JUN 27, 2025
Citi Wealth CIO wary of 'warning flags' in S&P rally

Drifting earnings expectations, a narrowing of stock market gains, and the looming July 9 deadline for tariffs all signal risks for US stocks, according to the BlackRock alum.

Roger Federer breaks into athlete billionaires club
PRACTICE MANAGEMENT JUN 27, 2025
Roger Federer breaks into athlete billionaires club

The Swiss tennis superstar has officially joined the likes of Michael Jordan and Tiger Woods with his long-term deals and investment in a sneaker brand.