FA News

Fidelity Earns Record 2018 Income Of $6.3B, An 18.6% Increase

by

The earnings came on revenue of $20.4 billion, even as assets declined slightly.

Franklin To Pay $14 Million To Settle 401(k) Participants' Fiduciary Lawsuit

by

The investors alleged Franklin Templeton managers stacked their 401(k)s with proprietary funds.

Goldman Says Asian Funds Positioned All Wrong For 2019's Rally

by

Asian mutual funds have lagged behind their benchmarks due to conservative positioning, the firm says.

Prudential's $1 Trillion Asset Manager Working On Multiple Deals

by

The company is interested in buying bolt-on units that add new offerings, an executive said.

Caterpillar's Soothing Words On China Spur Industrial ETF Flows

by

Industrials have been the best performing sector of 2019.

Democrats Embrace Tax-The-Rich Label After Years Of Ducking It

by

Even deep-pocketed Democratic donors haven't been scared off by higher taxes for the wealthy.

Templeton Bond Chief Stands Firm On Bearish Bet Against Treasuries

by

Michael Hasenstab, a bond market contrarian, is convinced the Fed will raise rates again this year.

The S&P 500 Lost 11% Of Value From Trump's Trade War, Research Says

by

The market hasn't yet priced in a possible U.S.-China trade deal, according to analysts.

Philadelphia Sues Seven Banks Over ‘Collusion’ In Muni Deals

by ,

The city accuses them of costing local governments billions by colluding to fix prices.

Shades Of 2007 As Volatility Markets Ignore U.S. Recession Risk

by

The trend is similar to what was seen before the financial crisis 12 years ago.

Companies Could Get More Input Ahead Of IPOs Under SEC Proposal

by

SEC Chairman Jay Clayton, a former Wall Street deals lawyer, has focused on ways to make going public more attractive.

Fed Minutes Show Officials Unsure On Need For Rate Hikes In 2019

by ,

The minutes elaborated on the dovish message the Fed delivered three weeks ago.

Annuity Sales Increase 14% In 2018, LIMRA Says

by

Fixed annuity sales reached an all-time high of $132 billion.

The Spanish And French Worry Even More About Retirement Than Americans

by

Anxiety about retirement is a global phenomenon, a new survey finds.

Goldman's Oppenheimer Reckons Recession Fears Have Gone Too Far

by ,

Too much negativity was priced into the market by investors late last year, he said.

Advisor Takes Unique Approach To Mentoring Newbies

by

Financial planning students are in for a surprise after they arrive at the office of Lauren Locker, CFP.

Insurance Industry Battles Back Against Fiduciary Standard

by

Three insurance trade groups are working on their own standard-of-care proposal—one without a fiduciary standard.

Bitcoin Gets Boost From JPMorgan's Embrace Of Cryptocurrencies

by

The cryptocurrency is approaching $4,000 for the first time this year.

Supreme Court Curbs State Power To Levy Fines, Seize Property

by

The unanimous decision puts limits on what some consider to be abusive seizure tactics meant to raise revenue.

UBS Ordered To Pay Record $5.1 Billion In French Tax Trial

by

A Paris court found the bank guilty of having helped wealthy French clients stash funds in undeclared Swiss accounts.