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House under pressure to act on Senate’s $2 trillion stimulus package
ADVISOR NEWS REGULATION AND LEGISLATION MAR 26, 2020
House under pressure to act on Senate’s $2 trillion stimulus package

The House is scheduled to vote Friday; President Trump has said he would sign the legislation immediately

White House, senators strike deal on $2 trillion stimulus package
ADVISOR NEWS REGULATION AND LEGISLATION MAR 25, 2020
White House, senators strike deal on $2 trillion stimulus package

The measure includes $500 billion to back loans and assistance to companies and more than $360 billion to aid small businesses

Wells Fargo to give extra pay to most U.S. workers amid crisis
RIAS PRACTICE MANAGEMENT MAR 24, 2020
Wells Fargo to give extra pay to most U.S. workers amid crisis

The bank will make payments to workers who earn less than $100,000 and were employed by Wells for all of 2019

Senate virus rescue plan stalls
ADVISOR NEWS REGULATION AND LEGISLATION MAR 23, 2020
Senate virus rescue plan stalls

Democrats voted to reject Majority Leader Mitch McConnell's latest version of the measure

Fed signals unlimited QE, adds aid for companies, municipalities
RIAS RIA NEWS MAR 23, 2020
Fed signals unlimited QE, adds aid for companies, municipalities

The central bank outlined a new wave of efforts to bolster the economy, including more bond buying

IRS delays tax-filing date to July 15
ADVISOR NEWS REGULATION AND LEGISLATION MAR 20, 2020
IRS delays tax-filing date to July 15

After the extension, the deadline for filing now matches the deadline for tax payments announced previously

‘Illiquidity doom loop’ threatens European bond ETFs, analyst says
INVESTING MUTUAL FUNDS MAR 20, 2020
‘Illiquidity doom loop’ threatens European bond ETFs, analyst says

The gap between some funds' price and the value of their assets could lead to problems

Schwab faces 'unpredictable issues' in work-from-home effort
RIAS RIA NEWS MAR 19, 2020
Schwab faces 'unpredictable issues' in work-from-home effort

Company closes all its branches to the public through April 7

NYSE to shut trading floors Monday
INVESTING EQUITIES MAR 18, 2020
NYSE to shut trading floors Monday

The company said that an employee and a trader both tested positive for the coronavirus

Treasury proposes to guarantee money market funds in stimulus
INVESTING MUTUAL FUNDS MAR 18, 2020
Treasury proposes to guarantee money market funds in stimulus

The plan temporarily permits the use of its exchange stabilization fund to guarantee money market funds