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Goldman's Quant Unit Rebuilt On Lessons Learned In 2007 Meltdown

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Without losing faith, the group has rebuilt the strategies with less leverage and more diversity.

Inequality Shackles Young Women In Spite Of Their Fiscal Discipline

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Millennial women have higher credit scores but more debt than their male counterparts.

30% of banking jobs threatened by AI & Blockchain

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LONDON and CAPE TOWN, South Africa, Aug

Raymond James Adds $300 Million Rochester Trio From Wells Fargo

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Three advisors have joined Raymond James from Wells Fargo Advisors.

Protectionism Will Not Protect Jobs Anywhere

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Erecting high tariff barriers might cost as many US jobs as Mexican jobs.

Fidelity: Retirement Account Balances Reach Record Highs

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The average 401(k) account balance shows a big leap from the average five years ago.

U.S. Planned Layoffs Fall, Says Outplacement Consultant

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The number of planned layoffs at U.S. companies dropped in July while job-opening announcements notched up.

U.S. Retail REITs Cannot Find Upside Despite Strong Numbers

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The share price of retail REITs is down by 30 percent or more over the past 12 months.

Invesco In Talks To Acquire Guggenheim ETF Business, Says Source

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Guggenheim has recently enjoyed net inflows into actively managed bond mutual funds and ETFs.

Index Giants Clash With Exchanges Over Shareholder Rights

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Indexes are starting to shun companies with multiple share classes, but exchanges are wooing them.

Morgan Stanley, AIG Advisor Group Execs Form New Wealth Management Firm

by FA Staff

The new firm immediately announced its purchase of two broker-dealers.

BIG BITCOIN SITS; WATCHES NEW BABY BITCOIN FLAIL; GOLD HOLDS & YAWNS. (8/2/17)

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(8/2/17) FintekNews publishes a daily market overview of bitcoin vs gold and other major market indices with analysis and actionable trading ideas

S&P Move ‘A Huge Win’ For ETF Investors

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Its move to bar companies with multiple share classes from its indexes improves corporate governance, observers say.

N.Y. Regulator Subpoenas Wells Fargo Over Unwanted Auto Insurance

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The bank said it had sold auto insurance to hundreds of thousands of customers who did not need it.

Socially Responsible Investing An Expensive Taste

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SRI has been been booming, but a new study finds the impact of a preference or “taste” for SRI to be large and negative.

RIA Industry Hits New Records, But AUM Growth Slower Than S&P

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Retirement account withdrawals last year may be one reason AUM growth lagged S&P 500 returns.

OPEC Is Confronting A Game-Theory Dilemma

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The group needs to work together to succeed, but its membership includes increasingly bitter geopolitical rivals.

JPMorgan Kept Loan Buyers in Dark About Probe, Lawsuit Says

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JPMorgan Chase is among four banks being sued for failing to tell investors of a probe into the billing practices of Millennium Health.