Surprising Jobless Rate Decline Runs Into Fed Rate Policy
The Fed said in 2012 that interest rates would remain near zero until unemployment fell to 6.5%—it’s now at 6.7%.
Top 10 Global Private Banks
Here are the 10 private banks with the top AUM, according to the 2013 Scorpio Partnership Global Private Banking Benchmark report.
New Index Measures Individuals’ Commitment to Philanthropy
New research shows that affluent individuals’ commitment to philanthropy is progressing in tandem in Asia and Europe and moving more slowly in the Middle East.
13 Ex-Football Players and Finance: The Good & the Bad
After success of varying degrees in the NFL or college football, nine former players took the high road and four others the very low road.
U.K. Retail Sales Down More Than Expected
Bank of England Gov. Mervyn King said the Monetary Policy Council had not completely ruled out an additional round of QE in the future, should it be necessary, to boost growth.
Spanish Unemployment Hits Record 25%
Coming austerity cutbacks are expected to drive the rate even higher in the year to come.
Downgrades Drive Spanish Bond Yields Higher
Five regions in Spain were hit by ratings downgrades by Moody’s, sending yields higher and prices lower on Spanish bonds at a Tuesday sale. The Spanish economy also showed further contraction.
French Banks’ Trading Assets Create ‘Systemic Risk’
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
BNP Paribas to Boost Wealth Management in U.S.
The bank’s plans in the U.S. are part of a broader strategy to expand in smaller markets like Turkey, Poland and Morocco.
New Hire Roundup: TD Ameritrade Institutional Adds Dario
Also this week in new hires, Joseph Nader joined Wescott Financial Advisory Group; Will Proctor went to a new spot at Neuberger Berman; and more.