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Bessent: Not Unreasonable To Have Discussion On Practices Of Credit Card Companies
Scott Bessent said it was not unreasonable to have a discussion on the practices of credit card companies and a number of things can be considered.
Global Investors Hit 'Hyper-Bull' As Hedging Collapses, Says BofA Survey
Global fund managers are the most bullish since July 2021, January's Bank of America survey showed on Tuesday.
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Trump Floats Cutting China Tariffs to 80% Ahead of Meeting as He Looks to Deescalate Trade War
Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials.
SEC Has Concluded Investigation Into Morgan Stanley's Cash Sweep Practices
Morgan Stanley has announced the SEC has concluded its investigation into the firm's cash sweep practices without recommending enforcement action.
Wall Street Bonuses to Drop as Uncertainty Prevails, Consultancy Says
Wall Street bonuses are expected to slide this year as economic and geopolitical uncertainty stall deal-making, according to a report.
Broker-Dealers Face Multi-Billion Dollar Fee Disruption as ETF Share Class Momentum Builds
Brokerage firms stand to lose up to $30Bn annually in fees if regulators approve the widespread adoption of ETF share classes for mutual funds.