Industry News

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US economy fueled by consumer optimism
NEWS INDUSTRY NEWS JAN 24, 2024
US economy fueled by consumer optimism

GDP stats due Thursday likely to beat expectations.

By Bloomberg
SEC bars ex-Morgan Stanley broker who stole from his mother
NEWS WIREHOUSES JAN 23, 2024
SEC bars ex-Morgan Stanley broker who stole from his mother

The SEC alleged that Texas broker Doug McKelvey misappropriated more than $1.7 million.

By Bruce Kelly
Minority communities are financially comfortable, Merrill says
NEWS INDUSTRY NEWS JAN 23, 2024
Minority communities are financially comfortable, Merrill says

Members of the African American and Hispanic communities are more likely to have a financial plan in place than the general population.

By Josh Welsh
How will major investment execs deploy their cash in 2024?
NEWS INDUSTRY NEWS JAN 23, 2024
How will major investment execs deploy their cash in 2024?

After a tough start, executives share their plans for the year ahead.

By Bloomberg
Hedge fund profits soared in 2023, but which ones did best?
NEWS INDUSTRY NEWS JAN 22, 2024
Hedge fund profits soared in 2023, but which ones did best?

New analysis shows that funds produced gains of $218B after fees.

By Bloomberg
UBS GWM says China equities need 'punchier' policies
NEWS INDUSTRY NEWS JAN 22, 2024
UBS GWM says China equities need 'punchier' policies

The wealth manager says Beijing needs to be bolder to revive stocks.

By Bloomberg
Wall Street adopts new defense against attacks on ESG
NEWS ESG JAN 19, 2024
Wall Street adopts new defense against attacks on ESG

Climate alliances are changing their language to counter GOP allegations that climate alliances represent a form of collusion that warrants antitrust lawsuits.

By Bloomberg
Want to make a 'few billion dollars'? Entrepreneur explains how
NEWS INDUSTRY NEWS JAN 19, 2024
Want to make a 'few billion dollars'? Entrepreneur explains how

Billionaire Brad Jacobs offers tips from his experience founding seven billion-dollar companies.

By Gregg Greenberg
Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll
NEWS INDUSTRY NEWS JAN 19, 2024
Bullishness is rising with rate cut expectations, reveals Morgan Stanley poll

Investors have increased confidence in rate cuts, soft landing for the US economy.

By Steve Randall
Citi launches $2B private lending solution with LuminArx Capital
NEWS ALTERNATIVES JAN 19, 2024
Citi launches $2B private lending solution with LuminArx Capital

The two firms' capabilities aim to provide a differentiated offering.

By Steve Randall
Blackstone CEO says 'animal spirits' are returning to markets
NEWS INDUSTRY NEWS JAN 19, 2024
Blackstone CEO says 'animal spirits' are returning to markets

Steve Schwarzman says expectations of Fed rate cuts are enticing investors.

By Bloomberg
Almost 74,000 to benefit as Biden cancels $5B student debt
NEWS INDUSTRY NEWS JAN 19, 2024
Almost 74,000 to benefit as Biden cancels $5B student debt

Public servants make up the bulk of beneficiaries.

By Bloomberg
How one emerging-market money manager is beating 99% of his peers
NEWS INDUSTRY NEWS JAN 19, 2024
How one emerging-market money manager is beating 99% of his peers

Looking beyond the Fed is paying off for Canadian fund manager.

By Bloomberg
Stocks drop, bonds rise as Fed rate bets ease
NEWS INDUSTRY NEWS JAN 18, 2024
Stocks drop, bonds rise as Fed rate bets ease

Strong US economy could keep policymakers on the sidelines.

By Bloomberg
JPMorgan warns of increased hacker threats
NEWS INDUSTRY NEWS JAN 18, 2024
JPMorgan warns of increased hacker threats

The firm has seen an increase in hackers targeting its systems.

By Bloomberg
RBC chief eyes 'significant opportunities' in US capital markets
NEWS BROKER DEALERS JAN 18, 2024
RBC chief eyes 'significant opportunities' in US capital markets

Canadian bank's CEO aims to expand the firm’s share of the market.

By Bloomberg
Rockefeller continues roll in hiring advisors as 2024 kicks off
NEWS ADVISOR MOVES JAN 17, 2024
Rockefeller continues roll in hiring advisors as 2024 kicks off

Rockefeller Capital's broker-dealer has seen a net gain of 271 financial advisors since 2020.

By Bruce Kelly
Schwab saw decline in net new assets in Q4
NEWS BROKER DEALERS JAN 17, 2024
Schwab saw decline in net new assets in Q4

'No one at Schwab is kidding themselves that everything is perfect right now,' says CEO Walt Bettinger.

By Bloomberg
Banks are using AI against rising fraud threat, but customers are not happy
NEWS INDUSTRY NEWS JAN 17, 2024
Banks are using AI against rising fraud threat, but customers are not happy

Explaining how tech is protecting them is key to winning people over.

By Steve Randall
Are traders relying too much on history in bets on early rate cut?
NEWS FIXED INCOME JAN 17, 2024
Are traders relying too much on history in bets on early rate cut?

Some strategists believe the Fed will wait longer than it has in the past.

By Bloomberg