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%.
Incapital Opens Salt Lake City Office in Expansion Bid
Incapital, the firm run by Chicago Cubs owner Tom Ricketts, announced on Tuesday that it will open an institutional sales office in Salt Lake City.
New Hire Roundup: Layton to Run Neuberger Berman Wealth Group; New SIFMA Board Member
This week in new hires, Neuberger Berman announced that Brian Layton would head its Boston wealth management group; Paul Gamble was promoted at Financial Engines; and SIFMA announced that Kim Tillotson Fleming was named to its board.