FA News

SEC: Airline Pilot Scams Other Pilots In $1 Million Real Estate Fraud

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Jerry Farish targeted two of his fellow pilots because they had large 401(k) accounts, the SEC said.

UBS Mulls Investment Bank Overhaul With Hundreds of Jobs at Risk

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Piero Novelli and Rob Karofsky are working on their first shake-up of the business after taking over.

Ex-Woodbridge Group CEO Robert Shapiro Pleads Guilty in $1.3 Billion Fraud

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Shapiro pleaded guilty to running a massive fraud that caused more than 7,000 investors to lose money.

'Fearful' Investors Reluctant To Sound All-Clear On U.S. Stocks

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Investors burned by one of the fastest drops of the bull market are debating if the worst is over.

A $152 Billion Contrarian Says 10-Year Treasuries May Hit 3%

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This CIO is upbeat on the U.S. economy and going against the grain in the Treasury market.

U.S. Recession Odds Rise To 35%, Economists Say

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That forecast is up 4 percentage points as global trade tensions fuel economic uncertainty.

For Years To Come, Student Loans Will Threaten Americans' Financial Health

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The average American with student debt is spending about 20% of their weekly pay in loan repayments, finds TD Bank.

Global Bond Market: No Yield Seems Too Low In Furious Rally

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“A yield-suck vortex" is happening, says UBS strategist.

ESG A Bright Spot As Asset Managers Face Relentless Fee Pressure

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Many are cutting costs and focusing on value-add services to build revenue, says Cerulli.

Refinance Fever Sweeps U.S.

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Rates for 30-year mortgages are at their lowest since late 2016, sending many homeowners to their brokers.

AIG Beats Highest Profit Estimate On Resurgence Of P&C Business

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It’s now concentrating on another phase of its turnaround plan.

Why 40% Of Older People Spend More Than They Make

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An EBRI study shows who outspends; advisors tell clients be prepared: Spending won't drop in retirement.

Clients Asking For Impact Investing Choices In Donor-Advised Funds, RIA Says

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Clients want to make a bigger difference with their money on causes that matter to them, she says.

Goldman Sees Gold Soaring To $1,600 As Worries Fuel ETF Demand

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For Goldman analysts, gold’s rally above $1,500 is just the beginning.

Prof. Tom L. Potts To Receive FPA's 2019 P. Kemp Fain Jr. Award

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The past FPA president will receive the organization's highest award at its annual fall conference in Minneapolis.

House Bill Seeks To Boost Social Security Benefits For Public Workers

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The measure would impact public employees who have also collected income as private workers.

Ferocious Market Moves Undo Fed Easing, Put Powell On Back Foot

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Trump's escalation of the trade war has put pressure on the Fed to lower rates again.

Pimco Is Ready To Think About Negative Yields Reaching The U.S.

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Negative U.S. yields would require a "major Fed easing cycle," a Pimco analyst said.

Want To Hire Millennials? Better Help Repay Their Student Debt

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Intense competition for talent and rising student loan debt are forcing employers to create repayment benefits.

Schwab Ordered To Pay $347K For Harming Advisor's Practice

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A Finra panel found that Schwab helped one of its custodial client's workers set up a competing RIA firm.