FA News

Income Needs Will Force People To Work Into Retirement, Study Says

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Retirees with pensions are less likely to keep working in retirement, says a Hearts & Wallets survey.

Krugman, Summers Warn of Disruptive Threats To Global Growth

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Paul Krugman and Lawrence Summers are casting gloom on the global economy.

Betting Against A Yield Curve Inversion For A 19% Return

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Retail investors stand to lose their entire investment if rates don’t go their way.

Wells Fargo Is Weighing Changes To Wealth Unit Amid Cost-Cutting

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It may restructure the unit as the bank pushes for $4 billion in cost cuts by the end of 2019.

State Street Announces New Sector ETF; Plans To Rebalance Two Other Sector ETFs

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The moves reflect coming changes to global industry classification standards.

Fidelity SRI Seminar Offered Online

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The one-hour seminar is designed to help advisors assist clients in SRI investing.

BlackRock To Shut 16 ETFs Focused On Smart Beta, Multifactor

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The closures come even as BlackRock puts greater emphasis on factor investing.

Millennials Can't Answer Simple Financial Questions, MassMutual Finds

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Only 17 percent of working Americans ages 25-40 could answer five basic financial literacy questions.

Arnott: Taxes Take Biggest Bite Out Of Investment Returns

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Taxes caused by turnover have a larger impact on investment returns than management fees, Rob Arnott said.

JPMorgan Fined $65 Million For Trying To Rig Benchmark Rate

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Goldman and Citi have also paid penalties over similar claims.

ESG Interest Grows For Large Investors, Survey Says

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Avoiding risks and achieving returns have become drivers in ESG investing, says Morgan Stanley

Wall Street Bond Lies Expose Culture Failure, SEC's Clayton Says

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The SEC and Justice Department have been cracking down on deceptive practices in the mortgage-bond market for years.

When It Comes To Tipping, Millennials Are Cheapest

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Older, more educated Americans are the most generous.

Trump Aide Says U.S. Economy Can Absorb Hit From China Tensions

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“We’re going from an old world to a new world," the presidential advisor said.

After Reform, REITs Make Tax Sense For Wealthy Clients

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The tax law has offset some of the inefficiencies that sometimes made REITs a nonstarter for wealthy clients.

UBS's Main Unit Is Upgraded by Moody's on Wealth Business

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The higher rating contrasts with a downgrade of German competitor Deutsche Bank AG.

Sliding Emerging Markets Bear Brunt of Angst Over Trade, OPEC

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The prospect of a protracted U.S./China trade war only added to the sector's difficulties.

Bitcoin Could Break The Internet, Central Bank Overseer Says

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The BIS, an 88-year-old institution, said cryptocurrencies are too unstable and consume too much electricity.

'Barbarous' Confirmation Looms For Trump's Surprise CFPB Pick

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The Consumer Financial Protection Bureau is one of the most politically divisive agencies in Washington.

Regulated Crypto Custody Is (Almost) Here. It's A Game Changer

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Such projects would pave the way for vast tracts of investors to expand into crypto, potentially reviving prices.