Bloomberg

Bloomberg
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NEWS INDUSTRY NEWS MAY 31, 2018
Veteran Wells Fargo team managing $505 million leaves for Raymond James

Mark Griffin and Mark Liley, based in Denver, join employee unit.

INVESTING FIXED INCOME MAY 31, 2018
Biggest U.S. banks cut municipal-bond holdings

Cut in the corporate tax rate makes state and local government debt less attractive to financial institutions.

NEWS INDUSTRY NEWS MAY 30, 2018
Wells Fargo loses veteran $500 million team to SunTrust

Jeff Pratt and Bryan Kazley head four-person team in Charleston, S.C.

INVESTING MUTUAL FUNDS MAY 30, 2018
Bill Gross had nightmare day as fears about Italy roiled markets

His $2.1 billion bond fund fell about 3% Tuesday, leaving it trailing 96% of its rivals.

NEWS INDUSTRY NEWS MAY 30, 2018
Former AXA broker in Arizona charged with $475,000 client theft

Howard Price III was no longer registered when the alleged thefts took place.

INVESTING ALTERNATIVES MAY 29, 2018
Blackstone woos wealthy with tax-free hedge fund

Tax-free status reflects fact that investments are held in an insurance vehicle

NEWS INDUSTRY NEWS MAY 29, 2018
Carlyle's David Rubenstein starts family office

Family offices are increasingly common for the ultra-wealthy to manage their fortunes and take care of their personal needs.

INVESTING EQUITIES MAY 25, 2018
Safest assets provide no protection amid the brewing rate storm

As interest rates head higher, sectors such as investment-grade debt and consumer staples companies are taking it on the chin.

NEWS INDUSTRY NEWS MAY 25, 2018
UBS loses $480 million team to Raymond James

Four-adviser team in Sarasota, Fla., moves with its two assistants.

NEWS RIAS MAY 25, 2018
Former hedge fund CFO barred, ordered to pay $227,500 penalty

SEC alleged that Perry Gruss abetted cash moves at defunct D.B. Zwirn.