FA News

Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions

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After UBS merged its wealth management businesses, its rival is said to be taking a different approach.

Scorching Summers Melt Away America's Growth

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Climate change is taking a bite out of GDP, according to recent research.

U.S. Household Debt Jumps To $13.3 Trillion While Student Loan Delinquencies Dip

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While U.S. household debt has increased, fewer loans are slipping into delinquency.

CFA Level II Pass Rate Declines From Last Year's Decade High

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Forty-five percent of applicants passed the test in June, down from 47 percent in 2017.

Investors Haven’t Been This Bullish On U.S. Stocks Since 2015

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The bull taking U.S. equities to record highs may be about to reach its peak, fund managers say.

Junk-Bond Star Is A Bully Who Terrified Subordinates, Peers Say

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Henry Chyung, CIO of Post Advisory Group, is accused of intimidation and bullying by some of his colleagues.

Powell to Keep Hiking As U.S. Growth Trumps Turkish Turmoil

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Despite concerns over trade and turmoil in Turkey, the Federal Reserve will likely continue to raise interest rates.

Bitcoin, Ether Sink As ‘Sense of Panic’ Grips Crypto Investors

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Dozens of cryptocurrencies declined in value led by significant loss of value in two of the largest tokens, Bitcoin and Ether.

Drill Down Into Energy Sector’s Hottest Niche

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One corner of the oil and gas market is attracting outsized investor interest.

Ex-UBS Rep Stole $4M From Clients, Including Widow's Life Savings, SEC Says

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John Maccoll of Michigan faces criminal and civil charges for allegedly pocketing the money for his own use.

Bank Of America Says Pump The Brakes On Structured-Credit Risk

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Credit analysts at the bank are warning that structured credit products are entering a "risk-off" phase.

Americans, Especially Women, Fear Losing Health Insurance, Survey Says

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Even insured Americans are skipping doctor visits due to concerns over the costs, the survey said.

Social Security Will Go Broke Faster Than You Think, Wharton School Says

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Social Security trustees are not considering macro-economic factors that will reduce payroll taxes, the study say.

The Financial Crisis Will Cost Every American $70,000, Fed Study Says

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That's how much U.S. workers will lose in lifetime income, according to the study.

Retirement Plan Sponsors Refocusing 401(k) Efforts, Fidelity Says

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Retirement plan sponsors are shifting concerns from cost cutting to helping employees, Fidelity says.

Wells Fargo Tests Investor Patience With New Scandal Details

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The bank disclosed earlier this month that it faces a U.S. inquiry into its purchase of low-income housing credits.

Wells Fargo Eyeing Piece Of The $1.4 Trillion Student-Debt Pie

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The bank has identified students as a fast-growing market to tap.

Elon Musk's Tweet Draws Tesla Investor Lawsuit Over Share Price Swings

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Musk lied about funding for going private so he could push shares higher, the lawsuit alleges.

Post-Reform Tax Moves Planners Overlook For Wealthy Clients

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Advisors may be missing strategies that have come to the forefront with federal tax reform.

IRS Floats New Regulations For 529 Plans

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The new regs come on the heels of last year's tax reform and changes to 529s in the tax law.