Industry News

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M&A outlook improves but the next few months looks uneven across industries
NEWS INDUSTRY NEWS JUL 10, 2024
M&A outlook improves but the next few months looks uneven across industries

BCG report reveals slower pace of recovery than expected so far in 2024.

ESG is growing within private credit markets
NEWS INDUSTRY NEWS JUL 10, 2024
ESG is growing within private credit markets

Despite backlash in US, sustainable focused funds are gaining.

HSBC wants to look more like other Wall Street firms
NEWS INDUSTRY NEWS JUL 10, 2024
HSBC wants to look more like other Wall Street firms

Global firm is reshaping its investment banking business.

LPL, Schwab top 'retail broker' picks: analyst
NEWS BROKER DEALERS JUL 09, 2024
LPL, Schwab top 'retail broker' picks: analyst

'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.

Investors weigh high yield allocations while Fed mulls rate cuts
NEWS INDUSTRY NEWS JUL 09, 2024
Investors weigh high yield allocations while Fed mulls rate cuts

High yield has had a nice run due to the strong economy and a Federal Reserve on hold. But how long will that last?

Fed needs more good inflation data, says Powell
NEWS INDUSTRY NEWS JUL 09, 2024
Fed needs more good inflation data, says Powell

Chair's comments to Senate appears to rule out July cut, with markets now focused on September meeting.

Coldstream strikes merger deal with $2B investment advisory firm
NEWS INDUSTRY NEWS JUL 09, 2024
Coldstream strikes merger deal with $2B investment advisory firm

The deal with the Oregon-based high-net-worth practice will take the employee-owned independent’s assets past $10B.

Wealth Enhancement Group snaps up $123M hybrid RIA
NEWS INDUSTRY NEWS JUL 09, 2024
Wealth Enhancement Group snaps up $123M hybrid RIA

The national independent has extended its East Coast profile with a specialized wealth practice in Massachusetts.

Returns in $9.7T green stocks second only to tech, says LSEG
NEWS INDUSTRY NEWS JUL 09, 2024
Returns in $9.7T green stocks second only to tech, says LSEG

10-year analysis shows sector generated 198% total returns.

Bitcoin ETFs gain $438M as investors buy the dip
NEWS INDUSTRY NEWS JUL 09, 2024
Bitcoin ETFs gain $438M as investors buy the dip

Net inflows have surged as lower crypto price entices buyers.

Archegos founder says case against him 'makes no sense'
NEWS INDUSTRY NEWS JUL 09, 2024
Archegos founder says case against him 'makes no sense'

Bill Hwang's lawyer makes last-chance argument in jury trial.

Hedge funds more bearish on gasoline prices
NEWS INDUSTRY NEWS JUL 09, 2024
Hedge funds more bearish on gasoline prices

Money managers react to lackluster start to summer driving season.

Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction
NEWS INDUSTRY NEWS JUL 08, 2024
Morgan Stanley's Wilson sees 'highly likely' chance of 10% pre-election correction

Uncertainty around Federal Reserve cuts, corporate earnings, and US elections are adding to the odds of a choppy third quarter.

Analyst cuts Raymond James' rating over "emerging risks"
NEWS BROKER DEALERS JUL 08, 2024
Analyst cuts Raymond James' rating over "emerging risks"

'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.

Family offices plugged into tech investing, says Pepper International CEO
NEWS INDUSTRY NEWS JUL 08, 2024
Family offices plugged into tech investing, says Pepper International CEO

Family office advisor Carol Pepper shines a spotlight on how today's 'Rockefellers' are protecting and growing their family fortunes.

Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street
NEWS FINTECH JUL 08, 2024
Ex-Cboe CEO Ed Tilly joins $2B fintech Clear Street

The upstart provider of custody and clearing services' new president is the latest in a string of high-profile appointments.

Salim Ramji begins CEO role at Vanguard
NEWS INDUSTRY NEWS JUL 08, 2024
Salim Ramji begins CEO role at Vanguard

The former BlackRock ETFs leader vowed the firm would preserve Jack Bogle’s original vision while evolving in step with its customers’ needs.

Why affluent individuals are investing in global citizenship
NEWS INDUSTRY NEWS JUL 08, 2024
Why affluent individuals are investing in global citizenship

More high-net-worth individuals in the US are engaging in "jurisdictional arbitrage," says Apex Capital Partners founder Nuri Katz.

BlackRock acquisition founder makes staff millionaires
NEWS INDUSTRY NEWS JUL 08, 2024
BlackRock acquisition founder makes staff millionaires

Deal makes Preqin chief wealthier than Larry Fink.

Bumper earnings season is key to continued stock rally
NEWS INDUSTRY NEWS JUL 08, 2024
Bumper earnings season is key to continued stock rally

Wall Street strategists optimistic on Corporate America's ability to deliver.