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Industry News

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Financial crime compliance costs reach $61B for financial institutions  

LexisNexis report reveals almost all firms in the US and Canada are affected.

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Nvidia earnings outpacing its stock, which is still relatively cheap

With AI soaring, the chipmaker keeps delivering for investors.

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Private credit for infrastructure is soaring, at banks’ expense

The market is set for long-term growth amid energy transition.

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Nikkei smashes 1989 record to enter uncharted territory

Asian tech stocks are rallying and Japan’s equities are on fire.

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One of Wall Street’s highest-flying women is reportedly quitting

Goldman Sachs executive had been tipped for CFO and other top roles.

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Former Triad broker’s medical company loses Florida real estate judgment

"This is more bad news," says a plaintiff's attorney.

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Biden administration cancels $1.2B of federal student loans

The move wipes out loans for those who borrowed less than $12,000 for their higher education.

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Citi boosts CEO Jane Fraser’s pay to $26M

The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.

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World’s biggest wholesale banks face slowdown in growth, warns Bain & Co.

Growth could even turn negative as era of cheap money and ultra-low rates ends.

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Emerging-market stocks set to erase losses as valuations entice investors

After a $1 trillion wipeout, emerging markets are back in favor.

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Hedge funds have cut back on Magnificent Seven holdings

Funds were net sellers of big tech stocks in the fourth quarter.

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HSBC commits to slashing carbon footprint in capital markets

The global banking group becomes one of the first to set targets.

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‘Sobering’ report shows increasing reach of fintech over traditional firms

About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.

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Black, Hispanic investors younger, more open to risk: Report

Minority investors are more likely to engage in risky investments such as meme stocks, cryptocurrencies, and options, according to a report from the Finra Investor Education Foundation.

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Number of CFPs hits new global high

The latest numbers point to four booming markets for financial planning professionals, including two double-digit growth hotspots.

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Mega-RIAs still winning out amid advisor growth surge: Cerulli

Even as the pace of advisor growth doubled, challenges continued for the overwhelming majority of smaller firms.

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LPL is stepping up support for high-net-worth advisors

New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.

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8 in 10 Americans admit regrets about their financial choices

Survey reveals the most common things that people wish they had done.

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China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

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Capital One to pay $35B for Discover in 2024’s largest deal so far

Combined entity will be largest US credit card firm by loan volume.