FA News

Wall Street Resurrects Another Financing Tool Killed By Crisis

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The market for bundled loans used to fund riskier real-estate projects is on pace for a post-crisis record.

RIA M&A Activity Drops 35% In Second Quarter

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The 32 recorded deals was the lowest amount in the last several years.

'Financial QB' Calls For Penalty On Other Advisors

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A Toms River, N.J., advisor is filing lawsuits to protect his use of the moniker “Financial Quarterback.”

Correction Worse Than February Is Building, Morgan Stanley Says

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Tech, consumer discretionary and small caps could be especially hard hit, the firm says.

Top Millennial Advisor Team Leaves Merrill Lynch To Form Independent Firm

by FA Staff

He and his team with $930 million in client assets have left Merrill Lynch to form Wyeth Private Wealth.

Gen X Finally Shakes Off Great Recession—Unlike Baby Boomers

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Gen Xers have recouped their losses, and then some, from the global recession, a new report says.

N.Y. Publisher Fined For Calling Its Social Security Guide 'Official'

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The publisher was sued by SSA for giving the impression the book was an official government publication.

Charles Koch Says Trump Tariffs Could Trigger U.S. Recession

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“Every nation that’s prospered is one that didn’t engage in trade wars,” he said.

Ivy League Rallies Behind Harvard To Fight Admissions Suit

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The complaint claims Harvard has been unfair to Asian-American applicants.

El-Erian Says U.S. Alone Has Exited The 'New Normal'

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Economic conditions in the U.S. mean the Fed can "safely" raise rates, he said.

Facebook, Twitter Woes Hit Social Media ETF

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The Global X Social Media ETF is in correction mode since the end of regular trading on Wednesday.

U.S. Bull Market Could Last Two More Years, Schwab Says

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The global and United States economies will remain strong for the near future, two Schwab executives said.

Too Much Focus On Liquidity Can Cost Wealthy Clients Big In Taxes

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Clients nervous about big market drops can get too fixated on keeping their assets in liquid vehicles.

At Rich Kid Summer Camp, Big Banks Try To Hook Heirs For Life

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Attendees at Next Gen functions hosted by private banks will one day rank among the world’s most sought-after clients.

Broken Love At Theranos May Be Tested In Criminal Fraud Case

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It remains to be seen how the former lovers choose to fight claims they masterminded a massive fraud.

Wall Street Fears New International Tax That Was Aimed At Tech

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The tax on international profits was meant for techs and pharmaceuticals, but Wall Street could get snagged, too.

Goldman Sachs Shrugs Off Lack Of Depth In U.S. Stock Rally

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The firm sees broad-based profit growth in U.S. equities.

SEC's New Crypto Czar Wants Coin Industry To Step Out Of Shadows

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The SEC is concerned the ICO market is rife with pump-and-dump scams, Ponzi schemes and other types of misconduct.

This Magical Retirement Destination Will Cost You

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Wealth has exploded in this desirable city, effectively pricing out many lifelong residents.

Deutsche Bank Is Cutting Staff In Chicago In U.S. Retreat

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Deutsche Bank is scaling back in the U.S., leading to closures, moves and cutbacks in its locations.