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Goldman, Citi strategists say it’s now time to buy stocks
NEWS INDUSTRY NEWS JAN 26, 2022
Goldman, Citi strategists say it’s now time to buy stocks

'Any further significant weakness at the index level should be seen as a buying opportunity, in our view,' Goldman strategists say.

BofA brings employees back to some U.S. offices as Covid cases decrease
YOUR PRACTICE PRACTICE MANAGEMENT JAN 25, 2022
BofA brings employees back to some U.S. offices as Covid cases decrease

As coronavirus conditions improve across the country, employees across major financial firms are being asked to come back.

JPMorgan agrees to take 49% Viva Wallet stake in fintech deal
NEWS INDUSTRY NEWS JAN 25, 2022
JPMorgan agrees to take 49% Viva Wallet stake in fintech deal

European payments landscape is big growth area, exec says.

Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million
YOUR PRACTICE PRACTICE MANAGEMENT JAN 24, 2022
Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million

Wall Street giant sets another high mark for profit in 2021.

World's top gold ETF sees holdings surge in bullish demand sign
INVESTING ALTERNATIVES JAN 24, 2022
World's top gold ETF sees holdings surge in bullish demand sign

SPDR Gold Shares reports biggest inflow since listing in 2004.

BofA revamps wealth management product teams
YOUR PRACTICE PRACTICE MANAGEMENT JAN 21, 2022
BofA revamps wealth management product teams

The moves in product teams increase the responsibilities of Andy Sieg, the president of Merrill Lynch, and Katy Knox, president of BofA's private bank.

Wells Fargo gets 2015 regulatory order lifted
NEWS WIREHOUSES JAN 21, 2022
Wells Fargo gets 2015 regulatory order lifted

The Office of the Comptroller of the Currency terminated an order related to add-on products, in another sign of progress for CEO Charlie Scharf's efforts to turn the bank around.

BNY Mellon sees potential for digital asset revenue in 2023
INVESTING ALTERNATIVES JAN 20, 2022
BNY Mellon sees potential for digital asset revenue in 2023

Firm is waiting for clarity on ETF rules, CFO Portney says.

Schwab CEO sees brokerage of the future looking more like Uber
NEWS INDUSTRY NEWS JAN 20, 2022
Schwab CEO sees brokerage of the future looking more like Uber

Walt Bettinger says financial firms should be taking their cues from Silicon Valley; he also discusses Schwab's move to Texas, crypto and remote work.

SoFi rises after regulator approves U.S. bank charter
YOUR PRACTICE FINTECH JAN 19, 2022
SoFi rises after regulator approves U.S. bank charter

OCC gives conditional banking license for online lender SoFi.