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S&P 500 ready to join bear market, says Morgan Stanley
NEWS INDUSTRY NEWS APR 25, 2022
S&P 500 ready to join bear market, says Morgan Stanley

Investors struggle to find havens amid fears of a recession and aggressive tightening by the Federal Reserve.

Credit Suisse US pension work may be imperiled
RETIREMENT RETIREMENT PLANNING APR 21, 2022
Credit Suisse US pension work may be imperiled

The Labor Department gave the Swiss bank's affiliates a one-year extension of a key designation that allows them to manage U.S. pension funds, but says it will look at whether to revoke that due to the bank's misconduct.

Millennials save for retirement years earlier than boomers
RETIREMENT RETIREMENT PLANNING APR 19, 2022
Millennials save for retirement years earlier than boomers

Schwab study shows the YOLO generation is beating boomers when it comes to starting and stuffing their 401(k)s.

Blackstone adds to bet on student housing with $13 billion deal
INVESTING ALTERNATIVES APR 19, 2022
Blackstone adds to bet on student housing with $13 billion deal

Blackstone and other PE firms are wagering that off-campus housing will provide better returns than apartments and other residential assets, which have soared in value since the pandemic.

Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit
NEWS REGULATION AND LEGISLATION APR 19, 2022
Former Morgan Stanley adviser accused of Ponzi scheme in SEC suit

Shawn E. Good, from Wilmington, North Carolina, had clients send funds to his personal bank account to supposedly make low-risk investments in real-estate development projects,

Supreme Court rejects state challenge to SALT deduction cap
NEWS REGULATION AND LEGISLATION APR 18, 2022
Supreme Court rejects state challenge to SALT deduction cap

The court refused to review a New York-led constitutional challenge to the $10,000 cap on state and local tax deductions imposed in the 2017 tax law.

Goldman Sachs sees US recession odds at 35% in next two years
YOUR PRACTICE FINTECH APR 18, 2022
Goldman Sachs sees US recession odds at 35% in next two years

The Fed’s main challenge is to reduce the gap between jobs and workers, and to slow wage growth to a pace consistent with its 2% inflation goal.

Do-good funds are booming as ETF launches double from last year
INVESTING ESG APR 14, 2022
Do-good funds are booming as ETF launches double from last year

At least 20 exchange-traded funds focused on environmental, social and governance criteria have launched so far this year, as issuers try to grab a slice of the market that's winning new cash.

Wells Fargo rolls out new racial equity initiative amid scrutiny
YOUR PRACTICE PRACTICE MANAGEMENT APR 14, 2022
Wells Fargo rolls out new racial equity initiative amid scrutiny

The firm announced a $210 million effort to help minority families refinance mortgages.

JPMorgan Q1 results marred by $524 million loss tied to Ukraine
NEWS INDUSTRY NEWS APR 13, 2022
JPMorgan Q1 results marred by $524 million loss tied to Ukraine

JPMorgan’s fixed-income traders pulled in $5.7 billion in the first three months of the year, crushing analysts’ estimates by $1 billion.