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Is the worst over for office assets? CBRE thinks it might be
NEWS INDUSTRY NEWS FEB 16, 2024
Is the worst over for office assets? CBRE thinks it might be

The commercial real estate firm's CEO says return-to-office is boosting leasing.

Wells Fargo consent order for fake accounts ended by OCC
NEWS WIREHOUSES FEB 15, 2024
Wells Fargo consent order for fake accounts ended by OCC

While the consent order has been lifted, Wells Fargo still has a cap on its growth imposed by the Federal Reserve.

Closures of ESG ETFs pick up amid political backlash
INVESTING ESG FEB 15, 2024
Closures of ESG ETFs pick up amid political backlash

Thirty-six sustainable ETFs were liquidated in the Americas last year, more than double the prior year.

New York state pension fund selling holdings in Exxon, other energy companies
RETIREMENT RETIREMENT PLANNING FEB 15, 2024
New York state pension fund selling holdings in Exxon, other energy companies

The retirement fund says it plans to now focus on investments in utility companies and their efforts to shift away from fossil fuels.

Earnings help stocks advance in early trade Thursday
INVESTING EQUITIES FEB 15, 2024
Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

Citi hails private fund tokenization pilot as a success
YOUR PRACTICE FINTECH FEB 15, 2024
Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

Japan in recession, no longer world's third-largest economy
NEWS INDUSTRY NEWS FEB 15, 2024
Japan in recession, no longer world's third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

Morgan Stanley to cut several hundred jobs in wealth unit
NEWS WIREHOUSES FEB 14, 2024
Morgan Stanley to cut several hundred jobs in wealth unit

The layoffs will affect less than 1 percent of the workers in the wealth management business.

CPI print wiped up last of recent gains for global bonds
INVESTING FIXED INCOME FEB 14, 2024
CPI print wiped up last of recent gains for global bonds

Hopes have faded that central banks will make early rate cuts.

BlackRock's ESG business is on fire despite pushbacks
INVESTING ESG FEB 14, 2024
BlackRock's ESG business is on fire despite pushbacks

The asset manager has seen impressive inflows over the past two years.