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Industry News

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Topic

Savant acquires $2.2B firm to add Alabama to its growing footprint

The acquisition is the firm’s second largest of 2023 and one of three above $1.5B.

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BlackRock, Blackstone chiefs get seats at Xi’s top table

The investment industry leaders were among the guests at the Chinese president's exclusive dinner in San Francisco.

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Oil drops further as US inventories hit three-month high

Market concerns over demand intensify amid strong supply.

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Emerging Asia bonds out of step with rally in US Treasuries

Emerging Asian nations set to lose out amid optimism that the Fed will start to ease back.

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Corporate climate efforts weakened by economic slowdown

Investing in net zero is not economically attractive, say 40% of heavy industrial companies.

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AIG, BlackRock, JPMorgan included on list of ‘overpaid’ CEOs

High compensation does not always equate to high performance, report by As You Sow finds.

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AlTi Global to stay focused on M&A

'There are some high, high quality firms that have been competitors of ours for years that are willing to engage,' says AlTi CEO Mike Tiedemann.

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Investors ‘very concerned’ about 2024 presidential election: Survey

Advisors say it’s premature to be worried about the results of the election – and frankly, the incumbent doesn’t matter.

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LPL introduces affiliation for advisors targeting wealthy investors

Firm says the favorable economics of this offering contribute to a better advisor experience.

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Farther more than doubles AUM to $1.6B in just six months

Tech-centric wealth management firm celebrates rapid growth.

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US leads COP28 push to triple nuclear energy capacity

Other major economies are also set to back the strategy.

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US-China agreement on climate change is a breakthrough

World's biggest polluters appear to be on the same page on emissions.

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Bitcoin is being left behind as correlation with shares widens

Cryptocurrency selloff is at odds with gains for equities.

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Wealth management bonuses to increase, bankers hit hard

Wall Street payouts look grim for many but wealth firms should fare better, according to compensation consultants.

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Fixed income favored as US institutions bet on higher rates for the next 12 months

CoreData report also highlights intolerance with underperforming active equity strategies.

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Oil markets not as tight as we thought, says IEA

Both supply and demand will be higher than expected this quarter.

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Asset managers prep for more failed trades from faster transactions

US stocks will settle in just one day when T+1 is adopted next year.

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Your clients don’t think Bidenomics has worked for them

New poll shows concerning numbers for the president.

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When will the Fed start cutting rates? Wall Street titans disagree

Morgan Stanley and Goldman Sachs have different views of what's ahead.

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Dudley warns US fiscal position is on an ‘unsustainable trajectory’

The former New York Fed president says the outlook isn't good.