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Industry News

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Topic

Hold tight! Financial services set to grow to $37.5 trillion by 2027

Substantial global growth of 7.5% CAGR is anticipated in a new report.

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Goldman slashes US recession risk amid positive data

Wall Street bank believes Fed may now pause rates.

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Global banks lagging on climate change action, report warns

The industry is too opaque in its disclosures, leaving investors guessing.

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Asset managers struggle without ESG registration

Firms trying to sell in the EU are finding it hard without credentials.

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One step forward, one step back for use of crypto in retirement accounts

'Crypto is on a journey from a niche asset class to a mainstream asset class,' says an advisor.

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Finra fines, censures New Jersey broker-dealer for violating Reg BI

Network 1 Financial Securities did not have a written system to identify and flag excessive trading, resulting in $533,500 in commissions for the firm, regulator says.

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Another key executive to leave Goldman asset and wealth group?

The New York Post report comes after a string of executives have left the group in recent months.

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US house prices gain after 2 months, affordability weakest since 1984

Buying a home is becoming an increasingly elusive part of the American Dream.

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Business leaders show growing optimism in US economy

The share of executives calling for recession by year-end has also dropped sharply.

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Stocks gain ahead of US jobs report

Markets await signal for economy and likely Fed direction.

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Bitcoin ETF approval will spark a battle for lowest fees

With the products looking similar, fees will be the difference.

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Apollo Global positions for family office push

The firm has hired a BlackRock veteran to spearhead the advance.

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Barclays directly targets private credit funds

The bank has set aside cash to fund corporate debt purchase.

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What proxy votes show about how dead ESG is

Support is down among big fund companies, but they haven't really changed their stances, and they're far from leading on sustainability issues.

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Sorry, Fed Chair Powell, financial advisors watch their own economic indicators

Advisors rely on signposts including the volume of calls they're getting from worried clients and how full the parking lot is at the mall.

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LPL snatches $280m advisory team from Cetera

Legacy Wealth Advisors was looking for an easier place to do business and differentiated service, founder Kevin Loyd said.

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Years of planning come to a head as Schwab’s TD migration approaches

InvestmentNews gains behind-the-scenes access to gauge the mood of execs and advisors as firm prepares to transition 7,000 RIAs and nearly 4 million client accounts.

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UBS plans cost cuts after $29B Credit Suisse windfall

The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.

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UBS just smashed JPMorgan’s record for quarterly bank profit

Global firm's wealth management unit was among its star performers.

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State Street investor confidence index posts biggest jump in 18 months

The Americas lead gains across all regions as risk appetite grows.