Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Apex declares liftoff for new ACATS protocol
Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.
Goldman posts stronger-than-expected Q1 results
The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.
Modern Wealth hires former Goldman leader to drive growth initiatives
Industry veteran Jason Del Col joins the $3 billion firm as head of advisory.
Dynasty Financial helps $550M Merrill team go independent
Six advisors break away from the wirehouse to launch a firm in Alabama.
Stocks gain, oil declines as Middle East tension eases
Traders bet on no further escalation of the conflict after Iran attack.
JPMorgan strategists don’t expect equities rally from earnings
Outperformance may be limited in the latest season.
Clean energy investors won’t be impressed by G-20 nations’ inaction
Even the leading countries' climate ambitions have stalled.
Cryptos gain as Hong Kong greenlights bitcoin, ether ETFs
It's the latest step in trying to rebuild its financial hub status.
iCapital strikes private-credit partnership with Bain
Fintech platform for alts is teaming up with global credit manager to extend its reach among advisors and high-net-worth investors.
Vermont pushes partnership to hasten auto-IRA program
The state’s planned alliance with Colorado could allow its VT Saves initiative to launch before year-end.
Who has the best 401(k)? Occupations with high income
CPAs, doctors, and lawyers have the highest-rated 401(k)s as a result of high participation and contribution rates, a new report shows.
Stability, finally, at Wells Fargo Advisors?
'We’re back to more normal, or maybe slightly below normal, attrition levels across the [financial advisor] business, which is good,' says CEO Charles Scharf.
Biden takes another $7.4B step in fight to tame student debt
The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.
Empower settles with former advisors in poaching case
The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.
OMB draws flak on DOL fiduciary rule decision
Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.
Summer is coming! Should you be selling?
Well, maybe sell a little, says Jeffrey Hirsch, editor-in-chief of the Stock Trader’s Almanac.
UBS boosts its New York presence
The firm’s private wealth unit is welcoming a team of former Goldman Sachs advisors in the Big Apple.
Five firms hit in SEC marketing rule sweep
The regulator’s crackdown centered on the firms' use of hypothetical performance data and led to a total of $200,000 in penalties.
JPMorgan reports lower-than-expected net interest income in Q1
The bank raised its expense guidance for this year to about $91 billion.
