UBS to Face Penalties Over Credit Suisse’s Archegos Fiasco
UBS Group AG faces hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG’s dealings with Archegos Capital.
Morgan Stanley Says Stock Bulls Face Rude Awakening
One of Wall Street’s most bearish strategists isn’t giving in to the bullish about-turn in equities, saying investors may be in for “a rude awakening.
Fidelity Legend Peter Lynch: 'I Never Said to Invest in the Stock Market'
Peter Lynch never said to invest in the stock market. He drove home that point in a conversation with Yahoo Finance.
JPMorgan Invests in Financial Technology Provider Cleareye.ai
(Reuters) - JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday.
The parties, which entered into a commercial partnership last September, did not provide the financial terms of the transaction.
Trade finance refers to financial products offered by banks and other institutions that seek to facilitate global trade by reducing counterparty risk between importers and exporters.
Geowealth: The Evolution of TAMPs From RIAs to IBDs And Back Again
(GeoWealth) When Turnkey Asset Management Platforms (TAMPs) first emerged over 30 years ago, they may have been technologically rudimentary, but they were revolutionary at the same time. Their ascendance coincided with major structural changes in wealth management and they benefitted from the resulting tailwinds. In droves, advisors were moving away from commission-based products and traditional wirehouses.