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Wells Fargo’s chair quits ahead of Capitol Hill hearing
RIAS PRACTICE MANAGEMENT MAR 09, 2020
Wells Fargo’s chair quits ahead of Capitol Hill hearing

Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday

Stocks tumble on oil shock
INVESTING EQUITIES MAR 09, 2020
Stocks tumble on oil shock

The news that the alliance containing global oil production disintegrated sent stocks plunging

Aon to purchase Willis Towers for $30 billion
INVESTING LIFE INSURANCE AND ANNUITIES MAR 09, 2020
Aon to purchase Willis Towers for $30 billion

The deal will combine the world's second- and third-biggest insurance brokerages

Stocks plunge most since financial crisis
INVESTING EQUITIES MAR 09, 2020
Stocks plunge most since financial crisis

The rout, spurred by tumbling oil prices and growing fear of the coronavirus, put the vitality of the longest-ever bull market in jeopardy

ETF price war sees BNY Mellon launch first no-fee bond fund
INVESTING ETFS MAR 05, 2020
ETF price war sees BNY Mellon launch first no-fee bond fund

The asset manager is also coming out with a zero-fee large cap equity fund

Robinhood offers some clients $15 credit after outages
ADVISOR NEWS FINTECH MAR 05, 2020
Robinhood offers some clients $15 credit after outages

One customer has filed a class-action lawsuit against the online brokerage, claiming it failed to meet contractual obligations

Supreme Court questions SEC’s power to recoup billions
ADVISOR NEWS REGULATION AND LEGISLATION MAR 04, 2020
Supreme Court questions SEC’s power to recoup billions

The justices considered the commission's use of “disgorgement” to collect ill-gotten gains from wrongdoers

Fed cuts rates 50 basis points in response to spreading virus
ADVISOR NEWS REGULATION AND LEGISLATION MAR 03, 2020
Fed cuts rates 50 basis points in response to spreading virus

The central bank's emergency move is an attempt to protect the economy from the coronavirus

Robinhood brokerage is up and running, sort of, after outage
ADVISOR NEWS FINTECH MAR 03, 2020
Robinhood brokerage is up and running, sort of, after outage

Customers blasted the closely held company on social media during the outage and several said they would close their accounts

UBS CEO Ermotti to become chairman of Swiss Re
RIAS PRACTICE MANAGEMENT MAR 03, 2020
UBS CEO Ermotti to become chairman of Swiss Re

The news ends speculation that Ermotti might try to succeed UBS chairman Axel Weber