Industry News

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Meet the fastest-growing financial firms
NEWS INDUSTRY NEWS JUN 25, 2024
Meet the fastest-growing financial firms

Who made it to America’s list of fast-growing employers? Find out in this report.

By InvestmentNews
Cyberattacks on the rise with financial sector a top target, report reveals
NEWS INDUSTRY NEWS JUN 25, 2024
Cyberattacks on the rise with financial sector a top target, report reveals

Blackberry cybersecurity solutions team says attacks include novel methods.

By Steve Randall
Nvidia, Bitcoin just reminded investors of a market fundamental
NEWS INDUSTRY NEWS JUN 25, 2024
Nvidia, Bitcoin just reminded investors of a market fundamental

What goes up can go down, whatever the investment.

By Bloomberg
Credit may be a better bet than Treasuries, says Deutsche
NEWS INDUSTRY NEWS JUN 25, 2024
Credit may be a better bet than Treasuries, says Deutsche

Bank's CIO says US spending is likely to increase.

By Bloomberg
Ozempic's Novo to invest $4.1B in another US factory
NEWS INDUSTRY NEWS JUN 25, 2024
Ozempic's Novo to invest $4.1B in another US factory

Drugmaker wants to bring down cost in its biggest market.

By Bloomberg
New York's congestion costs the city $9B in lost time
NEWS INDUSTRY NEWS JUN 25, 2024
New York's congestion costs the city $9B in lost time

Chicago, LA, and Boston also make the global list.

By Bloomberg
Stock rally loses steam as AI darling Nvidia enters correction territory
NEWS INDUSTRY NEWS JUN 24, 2024
Stock rally loses steam as AI darling Nvidia enters correction territory

After a Cinderella run to become the most-expensive S&P 500 stock, the chipmaking colossus plunged nearly $400B.

By Bloomberg
Fidelis Capital adds UHNW planning cred with veteran hire
NEWS RIAS JUN 24, 2024
Fidelis Capital adds UHNW planning cred with veteran hire

Douglas Rothermich joins the firm from TIAA, where he had oversight of all HNW planning, and worked directly with clients holding more than $1B in assets.

By Leo Almazora
Cetera welcomes Northwestern Mutual alum to CCO role
NEWS INDUSTRY NEWS JUN 24, 2024
Cetera welcomes Northwestern Mutual alum to CCO role

The organization revealed Gwen Weithaus, who has more than 30 years' experience, as the new compliance chief for its investment services arm.

By Leo Almazora
No reason to abandon bull market yet, says Federated Hermes strategist
NEWS INDUSTRY NEWS JUN 24, 2024
No reason to abandon bull market yet, says Federated Hermes strategist

The road ahead might get choppier, but there's no obvious reason to deviate from the path, says Federated Hermes strategist Steven Chiavarone.

By Gregg Greenberg
Morgan Stanley faces Reg BI lawsuit over interest in cash sweep accounts
NEWS BROKER DEALERS JUN 24, 2024
Morgan Stanley faces Reg BI lawsuit over interest in cash sweep accounts

The firm fell short of its fiduciary duty by paying customers dismal rates compared to what’s available in the market, according to class action.

By Leo Almazora
SCS Financial taps Lane MacDonald for CIO role
NEWS RIAS JUN 24, 2024
SCS Financial taps Lane MacDonald for CIO role

The three-decade veteran will lead the continued growth of the Focus Financial partner firm’s investment platform.

By Leo Almazora
Schwab Charitable unveils new brand as it reaches quarter century milestone
NEWS INDUSTRY NEWS JUN 24, 2024
Schwab Charitable unveils new brand as it reaches quarter century milestone

The new name reflects desire to attract a new generation of donors.

By Steve Randall
More Americans have zero or inadequate emergency savings
NEWS INDUSTRY NEWS JUN 24, 2024
More Americans have zero or inadequate emergency savings

And those that do are not happy with what they have saved.

By Steve Randall
Couples may talk less about finances as stress levels rise, study reveals
NEWS INDUSTRY NEWS JUN 24, 2024
Couples may talk less about finances as stress levels rise, study reveals

Despite being the most in need of open discussion, people may stay silent.

By Steve Randall
Could high rates last forever? Bond markets think so
NEWS INDUSTRY NEWS JUN 24, 2024
Could high rates last forever? Bond markets think so

While the Fed is expected to cut once this year, the future is less certain.

By Bloomberg
Is a dairy cabinet product about to spark surge for makers?
NEWS INDUSTRY NEWS JUN 24, 2024
Is a dairy cabinet product about to spark surge for makers?

Ozempic-led obesity-treatment craze boosting demand for other products.

By Bloomberg
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024
NEWS INDUSTRY NEWS JUN 24, 2024
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024

Fed rates speculation is weakening cryptocurrency market sentiment.

By Bloomberg
Fed finds chinks in Wall Street banks' living wills
NEWS REGULATION AND LEGISLATION JUN 21, 2024
Fed finds chinks in Wall Street banks' living wills

BofA, Citi, Goldman, and JPMorgan must take remedial action on "shortcomings" in wind-down plans, finds regulators.

By Bloomberg
State Street Global Advisors names new COO
NEWS INDUSTRY NEWS JUN 21, 2024
State Street Global Advisors names new COO

The firm’s latest C-suite hire brings extensive tech leadership experience, including nearly a decade at Schwab.

By Leo Almazora