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Schwab says TD Ameritrade deal causing retail, advisory attrition
RIA NEWS AUG 14, 2023
Schwab says TD Ameritrade deal causing retail, advisory attrition

Finance chief Crawford says company has stepped back from some custodial relations Ameritrade offered institutional clients.

Stocks and bonds gain as China acts on debt
RIA NEWS AUG 14, 2023
Stocks and bonds gain as China acts on debt

Also in focus this week, the latest Fed FOMC minutes.

Former CEO of failed crypto exchange FTX in custody
RIA NEWS AUG 14, 2023
Former CEO of failed crypto exchange FTX in custody

Sam Bankman-Fried's bail was revoked for alleged witness tampering.

SEC delays decision on ARK bitcoin ETF filing
ALTERNATIVES AUG 11, 2023
SEC delays decision on ARK bitcoin ETF filing

As the SEC puts off deciding on spot bitcoin ETF, 21Shares and ARK file for a fund that would invest in bitcoin futures.

In CEO race, Morgan Stanley hopes for drama-free handoff
PRACTICE MANAGEMENT AUG 10, 2023
In CEO race, Morgan Stanley hopes for drama-free handoff

Outgoing CEO Gorman wants an outcome in which the rejected finalists stay with the firm.

Eyes on US inflation data, commodity prices rise
RIA NEWS AUG 10, 2023
Eyes on US inflation data, commodity prices rise

Treasuries flat while global stocks gain in early trading Thursday.

Pimco parent profit gains but not from asset management
LIFE INSURANCE AND ANNUITIES AUG 10, 2023
Pimco parent profit gains but not from asset management

Allianz SE's insurance business earnings offset weakness for asset management which includes Allianz Global Investors.

US venture capitalists gain greater access to China
RIA NEWS AUG 10, 2023
US venture capitalists gain greater access to China

Biden administration imposes only light curbs on money flow.

Wall Street girds for what's next in WhatsApp probe
FINTECH AUG 09, 2023
Wall Street girds for what's next in WhatsApp probe

Regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp.

S&P drops ESG scores from debt ratings
FIXED INCOME AUG 09, 2023
S&P drops ESG scores from debt ratings

The company made the change in response to confusion among investors who use its corporate credit ratings.