Latest News


  • News
  • October 26, 2020

AIG to split off life insurance and retirement unit, names new CEO

Peter Zaffino, currently the company's president, will succeed current CEO Brian Duperreault March 1

  • News
  • October 26, 2020

Schwab to lay off 1,000 employees after TD acquisition

The announcement follows recent executive and senior-level departures, including former TD Ameritrade president Tom Nally

  • News
  • October 26, 2020

Stocks hit on COVID concerns, fading hopes for fiscal stimulus

Stocks pared their losses during the afternoon as the biggest tech companies recovered

  • News
  • October 26, 2020

SEC Democrats object to no-action letter on brokers borrowing securities

Lee, Crenshaw say the agency is providing leeway to violate the rule, putting investor funds at risk

  • News
  • October 26, 2020

iCapital targets global market share with latest acquisition

As part of the acquisition, iCapital will establish an office in Lisbon, Portugal as its global hub for technology development and operations

  • News
  • October 26, 2020

Americans worry inflation will make retirement unaffordable

59% of those surveyed by Allianz believe rising costs will prevent them from enjoying life in retirement

  • News
  • October 26, 2020

Adviser managing $220 million at UBS moves to Raymond James

Mark Parker is joining the firm's employee channel in Memphis, Tennessee

  • News
  • October 26, 2020

Merrill team managing $550 million moves to Rockefeller Capital

CM Private Wealth Group is based in Northbrook, Illinois

  • News
  • October 26, 2020

Bond defaults mean almost total losses in new era of bankruptcies

Bondholders are getting back just a few cents on the dollar as a result of weakened covenants, explosion in corporate debt

  • News
  • October 26, 2020

UBS to boost fixed pay, cut bonuses

The changes apply to the bank's more senior employees, some of whom may see their salaries boosted by up to 20%