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UBS is expanding its China onshore wealth business
WIREHOUSES JAN 08, 2024
UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

Bitcoin ETF issuers clear hurdle on path to SEC approval
ETFS JAN 05, 2024
Bitcoin ETF issuers clear hurdle on path to SEC approval

SEC staff members asked some exchanges and issuers seeking to list the ETFs to submit the final version of a key document as soon as Friday, sources said.

Solid payroll gains seen cutting chances for March rate cut
FIXED INCOME JAN 05, 2024
Solid payroll gains seen cutting chances for March rate cut

Futures are now pricing about 135 basis points of Fed rate cuts this year, down from more than 150 basis points earlier in the week.

Alger to add Redwood to $22B fund management business
RIA NEWS JAN 05, 2024
Alger to add Redwood to $22B fund management business

New York-based firm is betting on global equities rather than bonds, alts.

Cash is king for investors early in 2024, says BofA
FIXED INCOME JAN 05, 2024
Cash is king for investors early in 2024, says BofA

Money-market funds gained $123B in the first week of the year.

Short sellers ended 2023 with $195B in losses
EQUITIES JAN 05, 2024
Short sellers ended 2023 with $195B in losses

Despite gains from regional banks and vaccine makers, Tesla and Nvidia were behind some of the largest losses.

Asia's richest man back on top with $97B amid court probe reprieve
RIA NEWS JAN 05, 2024
Asia's richest man back on top with $97B amid court probe reprieve

Gautam Adani's firm had lost as much as $150B in market value at one point last year.

Stocks, bonds steady with jobs data awaited
EQUITIES JAN 04, 2024
Stocks, bonds steady with jobs data awaited

US jobs data is due Friday following Fed minutes suggesting higher rates for longer.

Morgan Stanley chair thinks proposed bank rules will be 'wound back'
WIREHOUSES JAN 04, 2024
Morgan Stanley chair thinks proposed bank rules will be 'wound back'

James Gorman says regulator’s ideas were ‘extremely aggressive.’

Former Citi execs plan 'SEC free' bitcoin-backed securities
RIA NEWS JAN 04, 2024
Former Citi execs plan 'SEC free' bitcoin-backed securities

New offering is similar to American depositary receipts and does not require regulator's green light.