Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Stocks Rally on View Fed 'Endgame' Is Nigh
By Rita NazarethMore than 95% of the S&P 500 companies rose, with the gauge up about 2% Tuesday.
November 10, 2023
S&P 500 Tops 4,400 as Stock Rally Powers AheadThe gauge climbed over 1% Friday and was on track for a seven-week high.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.
November 09, 2023
Wirehouse Comp Plans for 2024: What's In, What's OutExperts weigh in on payout changes at Merrill, Morgan Stanley and UBS and what they mean for financial advisors.
November 08, 2023
Gundlach: Recession Will Crush 'Magnificent 7' Stocks in 2024"I would get out of them," Gundlach said, discussing what stock investors should buy instead.
November 08, 2023
Citigroup to Pay $25.9M for Armenian-American DiscriminationFrom 2015 to 2021, it singled out credit card applicants suspected of being of Armenian descent based on their surnames.
November 07, 2023
UBS Kicks Out Billions of Rich Credit Suisse Client MoneyAlso, $30 billion of assets in the wealth unit were reclassified as "related to non-strategic relationships," the bank said.