The Wealth Advisor

Contributor

The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Wells Fargo CEO Says Regional Banks are Strong, but Expects Turmoil

Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is "extremely strong" but added he expects more volatility.

Morgan Stanley, UBS Pick Bonds Over Stocks on Recession Risk

The threat of recession is making debt securities a safer bet, while the stock market is yet to price in those risks.

Bank Pain Is Just Getting Started, Ex-Fed President Kaplan Says

The US regional banking crisis is far from over and the Federal Reserve should pause its rate hike campaign.

Carl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller Report

Carl Icahn’s fortune tumbled more than $10B Tuesday after short-seller Hindenburg Research accused him of using a “ponzi-like” economic structure.

Michael Milken on the Banking Turmoil: This is not Another Financial Crisis

Financier Michael Milken explained the biggest takeaway for investors from JPMorgan's acquisition of First Republic Bank.