With the Fed expected to start cutting rates in 2024, cash may not be a winner for long.
The Wall Street firm is working on an overhaul of its wealth business structure.
Regulator alleges that the firm used customer cash to pay expenses.
But profit-taking could spark near-term volatility.
The SEC is expected to green-light spot-bitcoin ETFs in coming months, and that's seen as kicking open investing in digital currency among both institutional and retail investors.
Finn was previously an executive at McKinsey & Co., as were co-president Andy Saperstein and CEO James Gorman.
Traders are eyeing a rate cut early in 2024.
The firm announced Thursday that it will shutter two socially conscious exchange-traded funds by year-end.
While a record $100 billion has flowed into actively managed exchange-traded funds this year, the funds getting the bond aren’t traditional bond and stock pickers.
Markets are becoming more convinced the Fed will cut rates in 2024.
