Bloomberg

Bloomberg
Displaying 12910 results
Schwab split from its bank would unlock value: JPMorgan
NEWS INDUSTRY NEWS APR 21, 2023
Schwab split from its bank would unlock value: JPMorgan

Rising concerns over pending regulatory changes and customers moving cash to higher yielding accounts have erased more than $60 billion in market value from the firm's January highs.

Florida bans use of ESG by public investments
INVESTING ESG APR 20, 2023
Florida bans use of ESG by public investments

The state’s Senate approved a bill that bans state and local governments from using environmental, social, governance criteria when selling debt or investing public money.

Schwab's stock price steadies after Q1 deposits meet estimates
NEWS INDUSTRY NEWS APR 17, 2023
Schwab's stock price steadies after Q1 deposits meet estimates

The company's earnings report showed deposits tumbled 30% during the first quarter, in line with analysts' expectations; Schwab also announced that it's halting stock buybacks.

First Republic's efforts to woo rich clients may be bank's undoing
INVESTING FIXED INCOME APR 17, 2023
First Republic's efforts to woo rich clients may be bank's undoing

The bank attracted wealthy clients with loans that have become a costly hurdle to finding a rescuer.

Morgan Stanley wealth boss emerges as one to watch in CEO race
YOUR PRACTICE PRACTICE MANAGEMENT APR 17, 2023
Morgan Stanley wealth boss emerges as one to watch in CEO race

Andy Saperstein oversees the $4.5 billion wealth management unit that's catapulted Morgan Stanley's market value above that of archrival Goldman.

Schwab faces fresh risks in the zero-fee world
NEWS INDUSTRY NEWS APR 14, 2023
Schwab faces fresh risks in the zero-fee world

Schwab's stock plunged 33% in March, in its worst month since 1987, and investors will be looking for signs of the firm's longer-term prognosis when it reports Q1 earnings Monday.

UBS in talks with former executive Naratil about possible return
YOUR PRACTICE PRACTICE MANAGEMENT APR 14, 2023
UBS in talks with former executive Naratil about possible return

Naratil left the bank just six months ago after holding a number of senior positions in almost four decades at UBS, including president of UBS Americas, co-head of wealth management and CFO.

DOJ cites antitrust concerns over SEC trading-execution reforms
NEWS REGULATION AND LEGISLATION APR 13, 2023
DOJ cites antitrust concerns over SEC trading-execution reforms

The Justice Department's antitrust division asked the SEC to consider potential impacts of its proposals, including whether smaller pricing increments could increase competition between exchanges and wholesalers, and whether that might affect brokers' willingness to route orders to wholesalers.

Yield on I bonds set to plunge below 4%
INVESTING FIXED INCOME APR 13, 2023
Yield on I bonds set to plunge below 4%

Inflation-linked I bonds have soared in popularity over the past two years, but now the yield is set to slump from the historic 9.62% rate the bonds offered just a few months ago.

Six biggest banks on Wall Street failing key ESG test, study says
INVESTING ESG APR 12, 2023
Six biggest banks on Wall Street failing key ESG test, study says

JPMorgan, Bank of America, Citigroup are listed as falling short in an analysis by Ceres and the Transition Pathways Initiative.