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Industry News

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Topic

Bitcoin steady following fake SEC social media post on ETFs

Hackers posted on regulator's X account that it had approved spot ETFs.

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Luxury housing market to be driven by sustainable homes, AI

New report says environmental concerns are becoming mainstream.

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Billionaire vs. auction house $233M trial begins over ‘lost Leonardo’

New York court case provides rare glimpse of often opaque fine art world.

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SEC denies bitcoin ETF approval after X account compromised

Chair Gary Gensler denounces unauthorized social media post.

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‘Wall Street South’ beckons financial services firms

Why hedge fund managers, advisory firms and other financial services firms are basking in the sun in Miami.

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Smartleaf Asset Management announces strategic partnership with Clearstead Advisors

The collaboration will enable greater tax optimization for Clearstead clients.

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Why activist investors are set to pull back on ESG campaigns

It's all about effectiveness, says consulting firm.

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Raymond James’ Reilly sees comp soar in 2023

Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.

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Americans facing dual challenge of trying to save while managing credit card debt

Higher income individuals recorded larger increases in card balances in 2023.

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High-yield munis had a great 2023, but this year may disappoint

Money managers are bearish on continued gains for the US debt assets.

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Will US banks be overshadowed by European peers in 2024?

Undervalued European lenders may be heading for a stellar year.

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UBS is expanding its China onshore wealth business

Despite tough conditions in the region, the wealth and asset manager sees potential.

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Solid payroll gains seen cutting chances for March rate cut

Futures are now pricing about 135 basis points of Fed rate cuts this year, down from more than 150 basis points earlier in the week.

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Alger to add Redwood to $22B fund management business

New York-based firm is betting on global equities rather than bonds, alts.

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Asia’s richest man back on top with $97B amid court probe reprieve

Gautam Adani's firm had lost as much as $150B in market value at one point last year.

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Ken Fisher potentially seeking ‘some liquidity’: Source

'Apparently, he doesn't want private equity money,' source says of the 73-year-old executive chairman of Fisher Investments.

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Dakota Wealth Management expands AUM to $4.9B with new acquisition

Florida-based firm now has 15 offices in 9 states.

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Morgan Stanley chair thinks proposed bank rules will be ‘wound back’

James Gorman says regulator’s ideas were ‘extremely aggressive.’

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Former Citi execs plan ‘SEC free’ bitcoin-backed securities

New offering is similar to American depositary receipts and does not require regulator's green light.

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2024 brings plenty of concerns for advisors

Increasing AUM, finding new clients and achieving scale are among the challenges they face this year.