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BlackRock’s Larry Fink says war to speed shift to green energy, digital currencies
ALTERNATIVES MAR 24, 2022
BlackRock’s Larry Fink says war to speed shift to green energy, digital currencies

The firm's CEO said the war will prompt countries to reconsider their reliance on traditional money and payment systems.

The ‘Great Retirement’ disconnect that puzzles economists
RETIREMENT PLANNING MAR 23, 2022
The ‘Great Retirement’ disconnect that puzzles economists

When the pandemic pushed millions of older Americans out of the labor force, it also should have spawned a surge in Social Security applications — but it hasn’t.

UBS will allow some US employees to work remotely full-time
PRACTICE MANAGEMENT MAR 23, 2022
UBS will allow some US employees to work remotely full-time

The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit.

This is now the worst drawdown on record for global fixed income
RETIREMENT PLANNING MAR 23, 2022
This is now the worst drawdown on record for global fixed income

Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.

Robinhood settles with Vermont for $640,000 over outages
ALTERNATIVES MAR 18, 2022
Robinhood settles with Vermont for $640,000 over outages

The Vermont Department of Financial Regulation said at least 40 customers in the state complained.

Robinhood readies feature that lets users lend out stocks
FINTECH MAR 17, 2022
Robinhood readies feature that lets users lend out stocks

The feature appeared in a beta version of its iPhone app. Code describing the service — dubbed Stock Loan Income Program, or SLIP — was discovered by developer Steve Moser.

JPMorgan to buy share-plan software company
RETIREMENT PLANNING MAR 16, 2022
JPMorgan to buy share-plan software company

Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.

Fed lifts rates a quarter point in opening bid to curb inflation
RIA NEWS MAR 16, 2022
Fed lifts rates a quarter point in opening bid to curb inflation

Policy makers led by Chair Jerome Powell voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018.

SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator
REGULATION, LEGAL & COMPLIANCE MAR 15, 2022
SEC Democratic commissioner Allison Herren Lee plans to leave Wall Street regulator

Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.

Largest China tech ETF in U.S. wipes out nine years of gains
MUTUAL FUNDS MAR 15, 2022
Largest China tech ETF in U.S. wipes out nine years of gains

KraneShares CSI China Internet Fund slumped more than 11% Monday, bringing its decline over the past three days to 28%.