Bloomberg

Bloomberg
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Citigroup unveils plan to reverse its declining diversity
YOUR PRACTICE PRACTICE MANAGEMENT AUG 22, 2018
Citigroup unveils plan to reverse its declining diversity

Top leaders at the firm will be measured on the progress of diversity goals on their scorecard, as they are with other business priorities.

Raymond James lands $1 billion team from Wells Fargo Advisors in New York
NEWS INDUSTRY NEWS AUG 22, 2018
Raymond James lands $1 billion team from Wells Fargo Advisors in New York

The four-person adviser team got its start in 1987.

JPMorgan Chase axes about 100 asset management employees
YOUR PRACTICE PRACTICE MANAGEMENT AUG 22, 2018
JPMorgan Chase axes about 100 asset management employees

Cuts are global and follow a business review

JPMorgan offer of free trades hits discount brokerages
INVESTING EQUITIES AUG 21, 2018
JPMorgan offer of free trades hits discount brokerages

Firm's new mobile investing platform gives clients 100 free trades in the first year and free equity research.

Dollar weakens on Trump remarks about Fed interest-rate hikes
INVESTING EQUITIES AUG 21, 2018
Dollar weakens on Trump remarks about Fed interest-rate hikes

No response so far from Fed Chairman Jerome Powell, but all eyes are on him for a reaction

CFP Board encrypting digital certificates with blockchain technology
YOUR PRACTICE PRACTICE MANAGEMENT AUG 21, 2018
CFP Board encrypting digital certificates with blockchain technology

Encryption using blockchain technology coming later this year.

SEC charges cold-caller, his firm with defrauding investors who bought penny stock
INVESTING EQUITIES AUG 21, 2018
SEC charges cold-caller, his firm with defrauding investors who bought penny stock

Long Island-based group was being paid to promote the stock.

SEC forces cities, states to reveal bank loans
INVESTING FIXED INCOME AUG 20, 2018
SEC forces cities, states to reveal bank loans

Lending to state and local governments has surged since the financial crisis.

The 4 biggest risks for U.S. equity investors
NEWS INDUSTRY NEWS AUG 20, 2018
The 4 biggest risks for U.S. equity investors

Uncertain growth in the global economy tops the list; Turkey is at the bottom.

Money managers prep for $1.5 trillion in corporate cash
INVESTING MUTUAL FUNDS AUG 17, 2018
Money managers prep for $1.5 trillion in corporate cash

Big players like Fidelity and BlackRock are creating new strategies for companies that are repatriating overseas funds.