Industry News

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Private credit for infrastructure is soaring, at banks' expense
NEWS INDUSTRY NEWS FEB 22, 2024
Private credit for infrastructure is soaring, at banks' expense

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

By Bloomberg
Nikkei smashes 1989 record to enter uncharted territory
NEWS INDUSTRY NEWS FEB 22, 2024
Nikkei smashes 1989 record to enter uncharted territory

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

By Bloomberg
One of Wall Street's highest-flying women is reportedly quitting
NEWS BROKER DEALERS FEB 22, 2024
One of Wall Street's highest-flying women is reportedly quitting

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

By Bloomberg
Former Triad broker's medical company loses Florida real estate judgment
NEWS ALTERNATIVES FEB 21, 2024
Former Triad broker's medical company loses Florida real estate judgment

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

By Bruce Kelly
Biden administration cancels $1.2B of federal student loans
NEWS INDUSTRY NEWS FEB 21, 2024
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.

By Bloomberg
Citi boosts CEO Jane Fraser's pay to $26M
NEWS BROKER DEALERS FEB 21, 2024
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.

By Bloomberg
World's biggest wholesale banks face slowdown in growth, warns Bain & Co.
NEWS INDUSTRY NEWS FEB 21, 2024
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.

By Steve Randall
Emerging-market stocks set to erase losses as valuations entice investors
NEWS INDUSTRY NEWS FEB 21, 2024
Emerging-market stocks set to erase losses as valuations entice investors

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

By Bloomberg
Hedge funds have cut back on Magnificent Seven holdings
NEWS EQUITIES FEB 21, 2024
Hedge funds have cut back on Magnificent Seven holdings

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

By Bloomberg
HSBC commits to slashing carbon footprint in capital markets
NEWS ESG FEB 21, 2024
HSBC commits to slashing carbon footprint in capital markets

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

By Bloomberg
‘Sobering’ report shows increasing reach of fintech over traditional firms
NEWS FINTECH FEB 21, 2024
‘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.

By Emile Hallez
Black, Hispanic investors younger, more open to risk: Report
NEWS INDUSTRY NEWS FEB 20, 2024
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.

By Bruce Kelly
Number of CFPs hits new global high
NEWS INDUSTRY NEWS FEB 20, 2024
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.

By Leo Almazora
Mega-RIAs still winning out amid advisor growth surge: Cerulli
NEWS RIAS FEB 20, 2024
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.

By Leo Almazora
LPL is stepping up support for high-net-worth advisors
NEWS BROKER DEALERS FEB 20, 2024
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.

By Leo Almazora
8 in 10 Americans admit regrets about their financial choices
NEWS INDUSTRY NEWS FEB 20, 2024
8 in 10 Americans admit regrets about their financial choices

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

By Steve Randall
China economy fears outweigh earnings in early trading
NEWS EQUITIES FEB 20, 2024
China economy fears outweigh earnings in early trading

European and Asian markets started Tuesday in decline.

By Bloomberg
Capital One to pay $35B for Discover in 2024's largest deal so far
NEWS INDUSTRY NEWS FEB 20, 2024
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.

By Bloomberg
Why are investors souring on Indian equities?
NEWS INDUSTRY NEWS FEB 20, 2024
Why are investors souring on Indian equities?

Headwinds pose risk to elevated valuations, sparking profit-taking.

By Bloomberg
Stock market firm to boost parental leave to 26 weeks
NEWS INDUSTRY NEWS FEB 20, 2024
Stock market firm to boost parental leave to 26 weeks

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

By Bloomberg