Bloomberg

Bloomberg
Displaying 12835 results
Loans and hardship withdrawals from 401(k)s on the rise
RETIREMENT RETIREMENT PLANNING NOV 23, 2022
Loans and hardship withdrawals from 401(k)s on the rise

The portion of savers taking money from their retirement accounts for hardships spiked 24% in the 12 months through Sept. 30.

Goldman Sachs to pay $4 million SEC penalty in ESG fund case
INVESTING ESG NOV 22, 2022
Goldman Sachs to pay $4 million SEC penalty in ESG fund case

The regulator claims Goldman's asset management unit failed to properly weigh environmental, social and governance factors in some investment products.

Morgan Stanley's richest clients being offered Tiger Global venture fund
INVESTING ALTERNATIVES NOV 17, 2022
Morgan Stanley's richest clients being offered Tiger Global venture fund

The investment firm has tapped Morgan Stanley's wealth management arm as it seeks to raise $6 billion for its next venture fund.

Lame-duck Congress eyes $100 billion tax-cut package
NEWS REGULATION AND LEGISLATION NOV 16, 2022
Lame-duck Congress eyes $100 billion tax-cut package

Republicans want tax breaks for private equity, manufacturers and businesses, while Democrats want to expand the child tax credit.

CI Financial to separate US, Canada units as debt concerns rise
NEWS RIAS NOV 11, 2022
CI Financial to separate US, Canada units as debt concerns rise

The Toronto-based firm said it will use the proceeds of the planned IPO of its US wealth management unit to improve its balance sheet.

FTX files for bankruptcy; Bankman-Fried resigns as CEO
INVESTING ALTERNATIVES NOV 11, 2022
FTX files for bankruptcy; Bankman-Fried resigns as CEO

Entities tied to FTX.com, FTX US and trading firm Alameda Research were part of the Chapter 11 bankruptcy filing in Delaware.

FTX hurtles toward bankruptcy with $8 billion hole
INVESTING ALTERNATIVES NOV 10, 2022
FTX hurtles toward bankruptcy with $8 billion hole

Sam Bankman-Fried told investors the crypto exchange needs $4 billion to remain solvent. Meanwhile, U.S. authorities are investigating FTX.

Crypto market extends losses as Binance drops FTX takeover offer
INVESTING ALTERNATIVES NOV 09, 2022
Crypto market extends losses as Binance drops FTX takeover offer

The news that Binance withdrew its offer sent bitcoin to its lowest level since November 2020.

Crypto markets plummet as sense of dread hits FTX clients
INVESTING ALTERNATIVES NOV 09, 2022
Crypto markets plummet as sense of dread hits FTX clients

Customers of the fallen crypto exchange pulled out $430 million worth of bitcoin in the space of just four days.

Binance Holdings plans to acquire rival FTX.com
INVESTING ALTERNATIVES NOV 08, 2022
Binance Holdings plans to acquire rival FTX.com

The proposed deal for Sam Bankman-Fried's 3-year-old exchange will 'help cover the liquidity crunch.'