Ask any leader in the wealth management business to name their biggest business problem, and you’ll likely hear the same answer: Recruiting talent. Competition for executives, support staff and especially advisors has been fierce for years. We checked out a few companies that have made good hires recently and asked them this week’s Barron’s Advisor …
Here’s how business advisors find great talent now Read More »
An investment advisory firm has touted itself as “the first regulated AI financial advisor.” Another claims it uses collective data “to make our AI smarter so it can predict which companies and trends are going to be big and invest in them before everyone else.” Those claims and others made by Global Predictions and Delphia …
A year ago, the world of investment banking suffered its biggest shakeup since the financial crisis with the bailout acquisition of Credit Suisse by UBS. Twelve months on, the long-term impact of the deal is becoming a little clearer – but only a little. Big questions remain, especially for the combined investment banking business. One …
Is Credit Suisse a boost to UBS’s investment banking ambitions? Read More »
Barclays investment bank dodged a bullet – again. For years, many investors and analysts have kept the investment bank in their sights. They say this is a drag on the share price and should be reduced or even spun off to allow the group to focus on its more profitable retail operations. With the investment …
Barclays’ investment bank has been given another chance to prove its worth Read More »
Wall Street’s biggest banks cut 30,000 jobs last year, started by Goldman Sachs, which informed staff of plans to make the biggest cuts since the 2008 financial crisis shortly after Christmas in 2022. Goldman’s 3,200 job cuts were quickly followed by 3,500 at Morgan Stanley and then 5,000 at Citigroup. Bank of America has refrained …
Cenkos and Finncap merged to create the UK’s newest investment bank, Cavendish, in September. Many in the market see it as yet another example of two struggling brokers coming together during one of the toughest times in the sector’s history. But less than four months after completing a tie-up that valued the investment bank at …
Citigroup has named new leaders for its product and regional investment banking teams as the US bank reshuffles top deal makers to fit Chief Executive Jane Fraser’s new structure. The U.S. bank has reshuffled a number of top bankers, filling out a new regional structure introduced by Fraser in her September review of Citigroup’s business, …
Citi names are shaking up the investment bank’s senior ranks as the overhaul continues Read More »
Ever since the collapse of cryptocurrencies last year, lawsuits have been flying. But a series of class-action lawsuits are piling up in federal court in Miami targeting high-profile guarantors of crypto exchanges like FTX and Binance, all filed by the same group of South Florida lawyers. The latest lawsuit names global soccer superstar Cristiano Ronaldo …
Why do people keep suing celebrities like Ronaldo for crypto losses? Read More »
SpaceX is expected to generate about $8 billion in sales in 2023. Cathie Wood’s ARK Invest believes that number will be much higher in the future. And as is often the case with ARK, he has a ready-made idea of how Elon Musk’s space company will generate those sales. On Monday, ARK Invest published its …
Cathie Wood’s ARK has high hopes for its SpaceX investment Read More »
The big news of the weekend in the financial markets was, of course, that MarketWatch 50 member and only female economic tailwind Taylor Swift jumped into the arms of Kansas City Chiefs tight end Travis Kelce after a concert in Argentina. The investment implications: Ok, now that you’ve spit out your coffee, onto the real …
Here’s where Morgan Stanley sees real investment opportunities in 2024 Read More »
