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Industry News

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Topic

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.

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Stock market firm to boost parental leave to 26 weeks

It will escalate benefit for US workers and surpass many industry rivals.

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Social Security fixes include raising retirement age, taxable income cap: Conference Board

Report from policy think tank details the program's financial problems and suggests a number of reforms.

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A nomination makes someone feel ‘more included,’ manager says

Nominations for the InvestmentNews Awards close on March 1.

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Trump fined $364M in New York civil fraud trial

The former president was also banned from running any business in the state for three years.

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Goldman CEO Solomon’s pay surges 24 percent to $31M

The board lifted the CEO's pay after the firm's profit tumbled last year.

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Wealth management division helps propel Empower to new records

The 10-year-old firm has seen strong growth in its assets, client base, and earnings.

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Older people lose $28B to scams, maybe due to a more trusting nature

University of Florida research reveals years of experience can be a bad thing.

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Atlanta Fed president says rate cuts may not come for a while

Raphael Bostic said Thursday that conditions remain uncertain.

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Has a global investment bank banned the long weekend?

Not exactly, but four straight days at home are no longer allowed.

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Is the worst over for office assets? CBRE thinks it might be

The commercial real estate firm's CEO says return-to-office is boosting leasing.

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Ex-Osaic veteran advisor barred by Finra

'A lawyer may tell an advisor like this, there's no upside in responding to Finra, just leave the industry,' says a senior brokerage executive.

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Pathstone snaps up Crestone Capital in $3B deal

The employee-owned RIA will see its AUA balloon past $100 billion as it builds a 'true multi-generational family office experience.'

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Allworth Financial announces partnership with $300M firm

The deal brings the growing RIA firm's total acquisitions to 34.

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Mercer Advisors welcomes five RIA industry veterans

The new executives have experience at some of the biggest industry names.

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Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

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Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

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Japan in recession, no longer world’s third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

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Fidelity Charitable reveals record year in philanthropic giving

Annual report shows donors made $11.8 billion in grants from Fidelity's donor-advised funds last year.

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Another setback for Schwab as net new assets decline again

The firm saw a year-over-year drop of 65 percent in new asset flows in January, including a steep slowdown in core net new assets.