Bloomberg

Bloomberg
Displaying 12869 results
Investors seek tax savings on fees they can no longer deduct
RETIREMENT TAX FEB 21, 2020
Investors seek tax savings on fees they can no longer deduct

A possible workaround based on old IRS regulations and case law would let investors include fees for third-party advice in the asset's purchase cost

Free stock trades lure mom-and-pop investors
INVESTING EQUITIES FEB 21, 2020
Free stock trades lure mom-and-pop investors

Trading volume has exploded at online and discount brokers

Wells Fargo nears deal to end federal probes
NEWS WIREHOUSES FEB 21, 2020
Wells Fargo nears deal to end federal probes

The bank will pay about $3 billion to settle the government's investigations into a range of consumer abuses

Berkshire dips toe into ETF market
INVESTING ETFS FEB 20, 2020
Berkshire dips toe into ETF market

In the fourth quarter, the company made investments from its huge pile of cash in two exchange-traded funds

Gold hits 7-year high on virus fears
NEWS INDUSTRY NEWS FEB 20, 2020
Gold hits 7-year high on virus fears

Worries about the economic impact of the coronavirus and speculation about its effect on Fed policy are fueling demand for safe haven assets

UBS names outsider Hamers to succeed CEO Ermotti
YOUR PRACTICE PRACTICE MANAGEMENT FEB 20, 2020
UBS names outsider Hamers to succeed CEO Ermotti

In his tenure as chief executive at ING, Ralph Hamers has been known for promoting digital banking

Goldman loses $10 billion wealth teams to rival banks
YOUR PRACTICE PRACTICE MANAGEMENT FEB 19, 2020
Goldman loses $10 billion wealth teams to rival banks

One group of advisers is joining UBS while the other is reportedly moving to First Republic

Franklin Resources agrees to buy Legg Mason
NEWS INDUSTRY NEWS FEB 18, 2020
Franklin Resources agrees to buy Legg Mason

The deal will create an active management giant with $1.5 trillion in assets

Biggest family offices get direct access to bank trading desks
NEWS INDUSTRY NEWS FEB 14, 2020
Biggest family offices get direct access to bank trading desks

Those with assets of $1 billion or more increasingly bypass private bankers to deal directly with trading desks, Citi exec says

UBS has begun search for successor to CEO
YOUR PRACTICE PRACTICE MANAGEMENT FEB 14, 2020
UBS has begun search for successor to CEO

Sergio Ermotti reportedly briefed bank executives on his plans to step down this year