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Industry News

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Topic

Pimco $22B inflows ‘absolutely stunning,’ says Allianz CEO

Investment firm's first six weeks of 2024 almost matches the whole of 2023.

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Why one Fidelity manager has sold most US Treasuries

Majority of his funds' 10-year and 30-year Treasuries have been sold.

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Short sellers targeting B. Riley in smear campaign, sources say

Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.

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Merit unveils independent advisor affiliate model

'Think of it as a form of courting, a time for a firm owner to ‘date’ a prospective partner before ‘marrying’ and making the decision to merge or be acquired,' Merit CEO Rick Kent says.

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AlTi’s upper-high-net-worth ambitions get $450M boost

The global wealth and alternatives manager is getting strategic investments from Allianz X and Constellation Wealth Capital.

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New role announced for Nitrogen co-founder and former CEO

Aaron Klein brings two decades of experience to wealthtech consultancy.

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Financial crime compliance costs reach $61B for financial institutions  

LexisNexis report reveals almost all firms in the US and Canada are affected.

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Nvidia earnings outpacing its stock, which is still relatively cheap

With AI soaring, the chipmaker keeps delivering for investors.

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Private credit for infrastructure is soaring, at banks’ expense

The market is set for long-term growth amid energy transition.

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Nikkei smashes 1989 record to enter uncharted territory

Asian tech stocks are rallying and Japan’s equities are on fire.

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One of Wall Street’s highest-flying women is reportedly quitting

Goldman Sachs executive had been tipped for CFO and other top roles.

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Former Triad broker’s medical company loses Florida real estate judgment

"This is more bad news," says a plaintiff's attorney.

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Biden administration cancels $1.2B of federal student loans

The move wipes out loans for those who borrowed less than $12,000 for their higher education.

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Citi boosts CEO Jane Fraser’s pay to $26M

The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.

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World’s biggest wholesale banks face slowdown in growth, warns Bain & Co.

Growth could even turn negative as era of cheap money and ultra-low rates ends.

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Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

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Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

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HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

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‘Sobering’ report shows increasing reach of fintech over traditional firms

About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.

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Black, Hispanic investors younger, more open to risk: Report

Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.