FA News

Bitcoin Rebounds From 2018 Low To Buoy Rivals Ether, Litecoin

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Speculators are bidding up Bitcoin after three weeks of declines took it to the lowest level this year.

Millions Of Americans Make A Costly Mistake When Paying Credit Card Bills

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One in five credit card users carry a balance to improve their credit scores—which just doesn't work.

Coinbase Adds 10 Customers For Its New Crypto Custody Service

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The company aims to have 100 large institutional customers by the end of the year.

A Morgan Stanley Star Wants You To Back His Political Movement

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Will Americans embrace a new party founded by bankers?

HNW Millennials Gravitating Towards Stocks

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Millennials made a sweeping shift from cash holdings to stocks and non-traditional assets, says U.S. Trust.

Securities America CEO Beats Finra’s Handpicked Candidate for Board Seat

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FSI flexes its muscle as Jim Nagengast of Securities America bests Morgan Stanley's Shelley O’Connor.

Bitcoin Bloodbath Nears Dot-Com Levels As Many Tokens Go To Zero

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The cryptocurrency’s 2018 crash may help cement its place in the bubble record books.

Advisor Steals Clients' Money For Wind Farm, Lands In Jail

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Former Morgan Stanley advisor Cornelius Peterson was ordered to pay $462,000 in restitution.

ETF Buyers Go For Shorter-Duration Bonds As The Yield Curve Flattens

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With the yield curve flattening, ETF investors lay bets on bonds that mature sooner.

SEC Proposes New Leeway To Limit Largest Whistle-Blower Payouts

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But proponents of the whistle-blower law warned the move could dissuade executives from coming forward.

Wall Street Left Reeling As 2018 Upends Almost Every Bet

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Investors expected steadily rising asset prices in 2018. Instead, they’re nursing losses.

Advisor Used Client Assets To Rent An L.A. Mansion, Prosecutors Say

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Darayl Davis of Maryland was indicted for allegedly defrauding clients out of $4.7 million.

J.D. Power Ranking Says Female Advisors Most Loyal To Firms

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The 2018 satisfaction study recognized the firms where advisors are happiest.

Raymond James Names Curtis Head Of All Private Client Units

by FA Staff

Scott Curtis was previously president of Raymond James Financial Services.

Blockchain Technology Meets The Private Equity Industry

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Northern Trust has been testing blockchain in private equity fund administration since February 2017.

AI Will Thrash The Economy Like A 'Tsunami,' Allstate CEO Says

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Artificial intelligence could take jobs away from 400 million people worldwide by 2030, one study says.

In Flip-Flop, Money Managers Now Say S&P 500 Has Seen 2018 Lows

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Money managers in the latest Strategas survey predicted the index would end the year at 2,842.

Bank Of America Strategist Says He's Never Been This Bullish On The U.S. Economy

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Should trade tensions intensify, European and emerging market economies will bear the brunt of the damage, he said.

It Took A Few Days For Active Funds To Give Up Half Their Alpha

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Equity market gyrations sent heavily owned industries to the bottom of the leader board.

SEC Will Make RIAs, Brokers Look Like 'Identical Twins,' Groups Say

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Six investment advisor groups launched a campaign to protest SEC proposals.