Einhorn Says Markets Are ‘Broken.’ Here’s What the Data Shows.
David Einhorn put it bluntly: The valuation-be-damned boom in passive investing has “fundamentally broken” markets.
Andreessen Horowitz Partner Says Google is an ‘Amazing Example’ of Employing People in ‘BS Jobs’
Andreessen Horowitz partner says Google is an ‘amazing example’ of employing people in ‘BS jobs’: ‘Half the white-collar staff does no real work'.
J.P. Morgan Securities Seeks Judicial Injunction
J.P. Morgan Sec is seeking a judicial injunction to prevent 16 ex-advisors from First Republic from advancing counterclaims in arbitration with Finra.
TD Risks ‘Lost Decade’ in US Money-Laundering Scandal, Jefferies Says
A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme made the “worst-case scenario” more likely.
SEI: How The Right Tech Can Help Banks Attract Advisors
(SEI) As the wealth management industry faces a wave of advisor retirements, a modern tech stack can help banks strengthen retention and recruitment.
Private banks are staring down a two-pronged threat: an impending wave of advisor retirements and an exodus to independent channels. Banks must offset advisor retirements by both attracting new talent and competing with the allure of independent advisory models.
Technology can be one of the greatest weaknesses for many banks, hindering both recruiting and retention efforts.