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SEC's Gensler continues push to crack down on crypto rule-breakers
INVESTING ALTERNATIVES SEP 08, 2022
SEC's Gensler continues push to crack down on crypto rule-breakers

In a speech, the SEC chair repeated his demand that crypto exchanges, brokers and attorneys in the digital coin industry comply with securities rules.

End of Wealthfront deal dents UBS growth plans in US
YOUR PRACTICE FINTECH SEP 06, 2022
End of Wealthfront deal dents UBS growth plans in US

The acquisition of the robo-adviser was the centerpiece of UBS CEO Ralph Hamers' focus on broadening the wirehouse's wealth management offering.

Global bonds step into bear market as central banks seek to quash inflation
INVESTING FIXED INCOME SEP 02, 2022
Global bonds step into bear market as central banks seek to quash inflation

Rapid interest-rate hikes deployed by policy makers in response to soaring inflation have brought to an end a four-decade bull market in bonds.

Goldman, Morgan Stanley move to return employees to office by easing Covid rules
YOUR PRACTICE PRACTICE MANAGEMENT AUG 31, 2022
Goldman, Morgan Stanley move to return employees to office by easing Covid rules

The two investment banks both told staff that they will lift some of their remaining Covid-19 mitigation efforts after the Labor Day weekend.

CI Financial shares lose value amid US deal spree 
NEWS RIAS AUG 30, 2022
CI Financial shares lose value amid US deal spree 

CEO’s radical remake was accompanied by the exodus of 13 portfolio managers, traders and analysts to the Bank of Montreal.

Borrowers could face state tax bills on forgiven student loans
NEWS REGULATION AND LEGISLATION AUG 29, 2022
Borrowers could face state tax bills on forgiven student loans

Thirteen states have tax laws that would treat forgiven debt as income, meaning it's subject to state levies on earnings.

UBS dumped from Texas municipal bond deal
INVESTING FIXED INCOME AUG 29, 2022
UBS dumped from Texas municipal bond deal

The bank won’t be part of the underwriting syndicate for transaction after state Comptroller Glenn Hegar included UBS on list of firms he deems “boycott” the fossil-fuel industry.

Powell warns rates will stay high for some time
NEWS REGULATION AND LEGISLATION AUG 26, 2022
Powell warns rates will stay high for some time

The Federal Reserve chair pushed back against the notion that the central bank would soon reverse course.

Loan forgiveness unlikely to dramatically swell inflation, say economists
NEWS REGULATION AND LEGISLATION AUG 25, 2022
Loan forgiveness unlikely to dramatically swell inflation, say economists

Student loan forgiveness will diffuse through the economy, blunting its direct impact.

Goldman rethinking consumer unit's online checking feature
YOUR PRACTICE FINTECH AUG 24, 2022
Goldman rethinking consumer unit's online checking feature

Goldman has been straining to prepare a feature that would let users set up direct deposits and pay their bills online, but it's constrained by the accelerating losses on its online platform, Marcus.