Industry News

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Citi, HSBC, Barclays amp up back-to-office pressure
NEWS PRACTICE MANAGEMENT MAY 25, 2024
Citi, HSBC, Barclays amp up back-to-office pressure

The banks are pushing more staff to report for in-person work as Finra shifts its rules around workplace monitoring.

By Bloomberg
Starwood latest nontraded REIT with concerns
NEWS ALTERNATIVES MAY 24, 2024
Starwood latest nontraded REIT with concerns

Nontraded REITs are facing hurdles, higher interest rates, headlines about half-empty office buildings, and investors pulling their money from products.

By Bruce Kelly
Better to follow the yellow brick road than stocks so far in 2024
NEWS INDUSTRY NEWS MAY 24, 2024
Better to follow the yellow brick road than stocks so far in 2024

Gold has outperformed stocks year-to-date, but will its golden run last through the summer?

By Gregg Greenberg
Raymond James unveils new CFO in C-suite shakeup
NEWS BROKER DEALERS MAY 24, 2024
Raymond James unveils new CFO in C-suite shakeup

The broker-dealer giant has revealed new details of leadership changes as part of its long-term succession strategy.

By Leo Almazora
Is a college diploma still worth it? Americans are split
NEWS INDUSTRY NEWS MAY 24, 2024
Is a college diploma still worth it? Americans are split

Survey reveals mixed views on college education, with just a fifth of adults willing to take on debt for a four-year degree.

By Leo Almazora
Blowout Nvidia forecast sends investors searching for more AI winners
NEWS INDUSTRY NEWS MAY 24, 2024
Blowout Nvidia forecast sends investors searching for more AI winners

Another blockbuster earnings report from the chipmaking giant raises the appeal for other AI-linked plays.

By Bloomberg
Finalist founded her RIA at just 29 years old
NEWS INDUSTRY NEWS MAY 24, 2024
Finalist founded her RIA at just 29 years old

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southwest): Jenna Biancavilla, Pearl Capital Management

By Josh Welsh
One third of investors believe the Fed won't cut rates at all this year
NEWS INDUSTRY NEWS MAY 24, 2024
One third of investors believe the Fed won't cut rates at all this year

Investor sentiment is falling overall as inflation, rate cut concerns rise.

By Steve Randall
Why HR managers could open the door to new business for advisors
NEWS INDUSTRY NEWS MAY 24, 2024
Why HR managers could open the door to new business for advisors

By Steve Randall
JPMorgan to pay $100M for client order monitoring fails: CFTC
NEWS INDUSTRY NEWS MAY 24, 2024
JPMorgan to pay $100M for client order monitoring fails: CFTC

Firm did not monitor of billions of client orders over 7-year period.

By Bloomberg
SEC gives exchanges greenlight to list Ether ETFs
NEWS INDUSTRY NEWS MAY 24, 2024
SEC gives exchanges greenlight to list Ether ETFs

The next step is approval for individual fund managers.

By Bloomberg
BofA strategist says sell signal is getting closer
NEWS INDUSTRY NEWS MAY 24, 2024
BofA strategist says sell signal is getting closer

Michael Hartnett believes global equities rally is unsustainable.

By Bloomberg
How global trade is undergoing combative transformation
NEWS INDUSTRY NEWS MAY 24, 2024
How global trade is undergoing combative transformation

US, China, Europe are battling for their interests in new trade era.

By Bloomberg
Miami advisors fight over book of business
NEWS INDUSTRY NEWS MAY 23, 2024
Miami advisors fight over book of business

'Handshake' deal goes wrong for two south Florida advisors.

By Bruce Kelly
Integrity at heart of absolute return-based approach
NEWS INDUSTRY NEWS MAY 23, 2024
Integrity at heart of absolute return-based approach

'If we lose business doing the right thing, that's okay – but we certainly don't want to do that,' says CEO.

By Emily Douglas
Schwab to offer alternative investments for qualified investors
NEWS ALTERNATIVES MAY 23, 2024
Schwab to offer alternative investments for qualified investors

Executives at the online brokerage giant unveiled plans to roll out a platform that includes private credit, PE, VC, and long-short funds.

By Bloomberg
Gorman to step down as Morgan Stanley chairman at end of year
NEWS INDUSTRY NEWS MAY 23, 2024
Gorman to step down as Morgan Stanley chairman at end of year

The decision to step down is seen as a vote of confidence in new CEO Ted Pick's leadership.

By Bloomberg
JPMorgan on the prowl for a partner in private credit
NEWS ALTERNATIVES MAY 23, 2024
JPMorgan on the prowl for a partner in private credit

The banking behemoth is looking to extend its $3.6T asset management arm's reach in the piping-hot sector, according to sources.

By Bloomberg
Driving growth at Merrill Lynch's Charlotte office
NEWS INDUSTRY NEWS MAY 23, 2024
Driving growth at Merrill Lynch's Charlotte office

InvestmentNews Awards 2024, Advisor of the Year (Regional - Southeast): James Wolf, Merrill Lynch Wealth Management.

By Josh Welsh
Nvidia earnings fuel equities gains despite dovish Fed
NEWS INDUSTRY NEWS MAY 23, 2024
Nvidia earnings fuel equities gains despite dovish Fed

Tech firm's results reassured investors of AI boom.

By Bloomberg