FA News

France Sees No-Deal Brexit As Likeliest Scenario

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France is getting ready to impose controls on the EU's border with the U.K., a French official said.

The One Job In Banking The Robots Can't Take

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Banks and tech companies need to overcome a number of obstacles for AI to succeed in tackling money laundering.

Goldman Sachs Expects Fed To Cut Twice More

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The central bank is placing great weight on bond-market pricing in its decisions, the firm said.

Muni-Bond Buyers Are Desperate. Risky Borrowers Are Cashing In

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The Federal Reserve’s decision to lower benchmark borrowing costs is keeping the U.S. awash in cheap credit.

Former Broker Charged In South Florida Alternative Investment Scheme

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The SEC said Scott P. Strochak and the firm he represented cheated 17 retail investors out of nearly $3.8 million.

Japan’s $1.5 Trillion Manager Warns Of Global Investing Losses

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Stocks, bonds and currencies all lost money for Japan's Government Pension Investment Fund.

Bluespring Wealth Makes Ohio RIA Its First Acquisition

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Hickory Asset Management joins Bluespring Wealth with $153 million AUM.

Payroll Tax Cut Could Boost Economy, But Not Trump’s Re-Election

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While a payroll tax cut could juice the economy, chances are good that voters wouldn't notice it.

AdvisorNet Financial Appoints President As Cetera Financial Group Grows

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Cetera Financial Group also announced substantial growth this year.

Facebook's Libra Currency Gets European Union Antitrust Scrutiny

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The EU joins American institutions' skepticism over Facebook's Libra digital token.

CEOs Spurn Investor-First Model. Now Critics Ask ‘What's Next?’

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Should public companies focus on serving shareholders or work to become better corporate citizens?

Rates Traders Ripe For Disappointment, Live From Jackson Hole

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The market expects - and may demand - significant additional rate cuts, but the Fed may disagree.

JPMorgan’s Kolanovic Sees Pivot Back To Stocks By End Of August

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Since many fixed portfolios will have to rotate back into stocks, equity market volatility should fall.

HighTower Makes Strategic Investment In $1B Lexington Wealth

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HighTower, acquired a stake in Lexington Wealth Management, a Mass.-based advisor with $1 billion AUA.

New Hampshire Law Empowers Advisors To Protect Senior Clients From Financial Fraud

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The FPA backed a similar law that was enacted in Arizona earlier this year.

McKinsey Sees ‘Ominous’ Signs Of Another Asian Debt Crisis

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Two decades after the "Asian flu" struck financial markets, there are symptoms of a recurrence.

Trump’s Trade War Is Keeping The Dollar Strong, Not The Fed

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The Dollar Index rallied to the highest in more than two years in August as investors sought shelter.

White House Dismisses Payroll Tax Cuts As Slowdown Prevention

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More tax cuts for individuals are being discussed, but payroll taxes aren’t under consideration.

GE Risk From Reserve ‘Plague’ Worse Than Average, Fitch Says

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General Electric may be burned by its exposure to long-term care insurance.

LPL Provides Tools To Assist Advisors With Acquisition And Monetization

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The San Diego-based RIA said the new solutions are in response to feedback from advisors and will simplify their lives.