- Wells Fargo seeks to catch faster-growing rivals by boosting engagement with rich clientsWells Fargo is unveiling a new platform to boost digital engagement with its 2.6 million wealth management clients. According to Michael Liersch, head of advice...
- SEC proposes rules that would change which crypto firms can custody customer assetsOn Wednesday, the Securities and Exchange Commission voted 4-1 to propose changes to federal regulations that would expand custody rules to include crypto assets, and...
- Credit Suisse posts massive annual lossSwiss bank Credit Suisse reported a fourth-quarter and year-end net loss on Thursday that fell short of expectations as it continued its massive restructuring. According...
- Follow the footsteps of China by banning cryptocurrencies, says Charlie MungerIn a recent interview, Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies, in line with China's decision, noting that the...
- BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried’s crypto empireBankrupt crypto lender BlockFi had over $1.2 billion in assets tied to Sam Bankman-Fried’s FTX and Alameda Research, according to previously redacted financials that were...
- Morgan Stanley CEO Gorman Says He’s Confident Deal Activity Will Return Once the Fed PausesThe CEO of Morgan Stanley, James Gorman, said he is more confident about the markets than the rest of Wall Street and anticipates a return...
- Bitcoin jumps above $19,000 to highest level since November on cooling U.S. inflationAs traders bet on a U.S. inflation slowdown and digested news that lawyers for defunct crypto exchange FTX have found billions of dollars of assets,...
- Fed Officials See Higher Rates for ‘Some Time’ AheadAccording to minutes released Wednesday from the central bank's December meeting, Federal Reserve officials are committed to fighting inflation and expect higher interest rates to...
- The Fed won’t be what drives markets in 2023, wealth manager saysMarkets were moved in a significant way by the Federal Reserve in 2022, as it implemented a campaign of monetary tightening to combat high inflation...
- Tesla’s largest-ever decline has short sellers sitting on $15 billion in profits.Tesla's stock declined another 8.8% on Thursday, bringing its losses for the year to 64%. This decline has resulted in the loss of more than...