A Siri for Your Finances? Digit Says Trust Me
The fintech startup is working on algorithms to help users save money as painlessly as possible.
Wells Fargo Benefits From Higher Rates, Plans Cost Reduction
The bank is targeting a $2 billion cut in annual expenses by end of 2018.
El-Erian Says Buy Emerging Market Currencies That Fell Too Much
Allianz's chief economic advisor says these currencies will eventually "come back," but investors should expect volatility in the meantime
BofA Raises Forecast for Interest Income as Profit Climbs 43%
Net interest income is expected to increase by about $600 million in the first quarter.
SEC Fines Morgan Stanley $13M for Overcharging Clients
About 149,000 clients paid excess fees between 2012 and 2016, the regulator says.
Head of Fidelity’s RIA Business to Depart
Bob Oros is set to leave the clearing and custody post he's had for the past five years at the end of January.
DOL Releases Fiduciary Rule FAQ for Investors, Workers
EBSA’s Phyllis Borzi says the second batch of FAQs are “meant especially for workers and retirement investors.”
New Study Predicts Charitable Giving Rise in 2017 and 2018
Increases in the U.S. economy will lead to a near-term rise in philanthropic giving, Indiana University’s Lilly Family School of Philanthropy predicts.
Janus Advisor Guide: Beware of Correlations, and Other Investment Tips
Janus Funds’ 2017 Wealth Advisor’s Guide identifies the intended and unintended risks of advisors’ asset allocations in their model portfolios.
Trump Appoints CFPB Critic; Sen. Warren Rallies Support for Agency
Kyle Hauptman, an ardent critic of the CFPB, will be a part of Trump’s transition team for the agency.