Bloomberg

Bloomberg
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Robinhood, ETrade have resolved tech issues
YOUR PRACTICE FINTECH MAY 18, 2020
Robinhood, ETrade have resolved tech issues

Both online trading platforms had experienced problems Monday morning

Wells Fargo's market value is down $220 billion since Fed cap
NEWS WIREHOUSES MAY 18, 2020
Wells Fargo's market value is down $220 billion since Fed cap

The limit the Fed imposed on the bank's assets are hitting harder as corporate customers draw down credit lines amid the pandemic

Investment giants try to reshape ETF market
INVESTING MUTUAL FUNDS MAY 15, 2020
Investment giants try to reshape ETF market

Smaller companies are pushing back, arguing the big players are just trying to cement their dominance

Adviser pleads guilty to $18 million fraud scheme
NEWS REGULATION AND LEGISLATION MAY 15, 2020
Adviser pleads guilty to $18 million fraud scheme

Fred Elm of Elm Tree Investment Advisers claimed he could get investors access to pre-IPO shares of tech companies

Bank of America sells $1 billion bond issue to fund pandemic relief efforts
INVESTING FIXED INCOME MAY 15, 2020
Bank of America sells $1 billion bond issue to fund pandemic relief efforts

Deal is first from a U.S. bank that links all proceeds to tackling the virus

Fed launches ETF program with $305 million purchase Tuesday
INVESTING MUTUAL FUNDS MAY 15, 2020
Fed launches ETF program with $305 million purchase Tuesday

The central bank's weekly balance sheet update also showed its total assets hit a new record of $6.93 trillion

Big investors sound the alarm about stocks
INVESTING EQUITIES MAY 14, 2020
Big investors sound the alarm about stocks

Stan Druckenmiller, Paul Singer and Paul Tudor Jones are among the heavyweights voicing doubts about the markets or the economy

Public pensions see worst quarter since credit crisis
RETIREMENT RETIREMENT PLANNING MAY 13, 2020
Public pensions see worst quarter since credit crisis

State and local government pension plans lost about 13% during the first quarter

Powell plays down possibility of negative Fed rates
NEWS REGULATION AND LEGISLATION MAY 13, 2020
Powell plays down possibility of negative Fed rates

The Fed chairman cited the risk that the pandemic will cause the U.S. lasting economic harm

Fed to begin buying corporate bond ETFs Tuesday
INVESTING MUTUAL FUNDS MAY 12, 2020
Fed to begin buying corporate bond ETFs Tuesday

The Fed said another program to buy debt directly from issuers will launch 'in the near future'