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Asset managers called it wrong on dollar: CFTC data
INDUSTRY NEWS JUN 10, 2024
Asset managers called it wrong on dollar: CFTC data

Bearish bets came at the wrong time according to the stats.

Are carbon offsets about to have their day at last?
INDUSTRY NEWS JUN 10, 2024
Are carbon offsets about to have their day at last?

Backers have recently secured some big wins.

Wealth unit sale an option for Citi, suggests BofA report
INDUSTRY NEWS JUN 07, 2024
Wealth unit sale an option for Citi, suggests BofA report

Analysts at Bank of America would “not be surprised” if Citigroup were to explore “strategic alternatives” as part of its turnaround effort.

RIA caught up in WhatsApp impostor scheme warns against “rogue elements”
INDUSTRY NEWS JUN 07, 2024
RIA caught up in WhatsApp impostor scheme warns against “rogue elements”

The firm is distancing itself from “sham communications” claiming opportunities for “VIP members” with “cooperation commissions.”

Land of the rising returns. More advisors discovering Japanese stocks
INDUSTRY NEWS JUN 07, 2024
Land of the rising returns. More advisors discovering Japanese stocks

Japanese stocks are on a tear thanks to the country's depreciating currency, causing American advisors to look across the Pacific for profits.

GPB top executives’ criminal trial to start Monday
ALTERNATIVES JUN 07, 2024
GPB top executives’ criminal trial to start Monday

'The GPB case is bewildering,' says one senior brokerage executive.

Financial Fitness Act gets a thumbs up from IRI
RETIREMENT PLANNING JUN 07, 2024
Financial Fitness Act gets a thumbs up from IRI

The Insured Retirement Institute is applauding a new bill that could help more Americans address the problem of student debt.

Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets
INDUSTRY NEWS JUN 07, 2024
Strong jobs data push JPMorgan, Citi to scrap July rate-cut bets

Economists at the banking giants changed their tune following the surprising May employment data.

GameStop plunges as video game retailer reveals share sale plans
INDUSTRY NEWS JUN 07, 2024
GameStop plunges as video game retailer reveals share sale plans

The company behind the beloved meme stock pushed forward its quarterly earnings report, getting ahead of a livestream by highly controversial “Roaring Kitty.”

Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe
REGULATION AND LEGISLATION JUN 07, 2024
Canadian bank TD sues wealth advisor who "abruptly" exited amid AML probe

The Toronto-based lender says the advisor and a colleague breached contract as they joined Raymond James.

Cresset unveils deal for 130-year-old family office Connable
INDUSTRY NEWS JUN 07, 2024
Cresset unveils deal for 130-year-old family office Connable

The deal in Michigan forms a new combined entity managing $52B in assets for high-net-worth and ultra-high-net-worth clients.

Citi Wealth highlights four unstoppable trends, seven investment opportunities
INDUSTRY NEWS JUN 07, 2024
Citi Wealth highlights four unstoppable trends, seven investment opportunities

How is the firm positioning portfolios for the second half of 2024.

What are the biggest challenges for UHNWIs and how can multi-family offices help?
INDUSTRY NEWS JUN 07, 2024
What are the biggest challenges for UHNWIs and how can multi-family offices help?

InvestmentNews speaks with Whittier Trust’s VP of business development.

US jobs report awaited; slowdown expected
INDUSTRY NEWS JUN 07, 2024
US jobs report awaited; slowdown expected

Bureau of Labor Statistics will release data Friday.

Fed cut may mean bad news for economy, says BofA's Hartnett
INDUSTRY NEWS JUN 07, 2024
Fed cut may mean bad news for economy, says BofA's Hartnett

The strategist says it could be a signal that trouble is ahead.

Moody's mulls cutting ratings for six US regional banks
INDUSTRY NEWS JUN 07, 2024
Moody's mulls cutting ratings for six US regional banks

Exposure to commercial real estate loans is the concern.

Private credit may lose some of its privacy
INDUSTRY NEWS JUN 07, 2024
Private credit may lose some of its privacy

European regulators want greater transparency amid risk concerns.

Stocks may be hot in 2024 but metals are molten
INDUSTRY NEWS JUN 06, 2024
Stocks may be hot in 2024 but metals are molten

Gold, silver and even copper are beating the S&P 500 so far in 2024. But will the bull market in metals last?

Mind SEC’s new data breach rules, says Finra
REGULATION AND LEGISLATION JUN 06, 2024
Mind SEC’s new data breach rules, says Finra

The industry regulator is urging member firms to start taking appropriate measures as changes to Regulation S-P take effect.

'Ponzi schemes are done in the open by bad people'
BROKER DEALERS JUN 06, 2024
'Ponzi schemes are done in the open by bad people'

SEC bars advisors who worked with Georgia Ponzi broker.