09/22/2016
Morning Coffee: 24 year-old bankers on $280k find new way of socializing. Morgan Stanley slams Brexit
For young bankers, the events help fill a social gap: “I might know 15 minutes beforehand that I actually have some time this evening.
Comment, Analysis & Research
09/22/2016
Allianz Global Wealth Report: The best years are over
Global inequality declining but in many industrial countries gains go mainly to the happy few at the top
09/22/2016
Making bank: The 10 best-paid bankers
Half of the 10 best-paid executives at the nation's banks in the Standard & Poor's 500 aren't the chief executive officers of their companies.
09/22/2016
Trillion-dollar global fund industry faces pressure to tighten belt
Eight firms posted a fall in the revenue generated by each employee between 2014 and 2015
09/21/2016
Wealthiest clients will use robos but want human advisers as well: LinkedIn survey
While open to using robos for basic investing, they want traditional wealth managers for complex needs
09/21/2016
Time for Advisors to Move Beyond ‘Fintech Fear’: PwC Report
When it comes to working with robo-advisors and other forms of automation, it’s time for financial advisors to act.
09/21/2016
Asset managers must increase their commitment to digital and social media
Cerulli's research shows that the typical asset manager's social media budget is less than €100,000.
09/21/2016
Department of Labor Conflict of Interest Rule Expected to Boost Advisors' Allocation to ETFs by 65 Percent, According to BNY Mellon
The DOL rule could accelerate the introduction of the necessary technology as plan sponsors and advisors will be more motivated to offer these products.
09/20/2016
If You Want To Be A Millionaire, Don't Take These College Majors
Researchers analyzed educational backgrounds to discover the most popular undergraduate and postgraduate degrees
09/20/2016
Bank analysts say Wells Fargo should cut CEO Stumpf’s pay
The reports came ahead of Tuesday’s Senate Banking Committee hearing in which Stumpf will face questions about a $185 million settlement Wells reached this month.
09/20/2016
Offshore Borrowing by Emerging Markets Raises Financial Stability Concerns
Research by the Bank for International Settlements shows proceeds from foreign credit are more often used for speculation
09/19/2016
Elizabeth Warren is still mad about the financial crash, and we should be too
She points out that of the nine individuals named referred for possible prosecution, only one has ever faced any penalties.
09/19/2016
Number of US hedge funds continues to decline
HFR attributes the narrowed spread partly to funds posting steady gains in the wake of June’s Brexit vote.
09/19/2016
The world's biggest hedge fund is worried the Federal Reserve could mess up everything
Bridgewater is the world's biggest hedge fund firm, managing about $150 billion in assets.
09/19/2016
No global industry is further behind the tech eight-ball than finance
A customer taps her debit card at a coffee shop and the money is removed from her bank account instantly.
09/19/2016
The Ineffectiveness Of Mission And Vision Statements At Single-Family Offices
http://www.forbes.com/sites/russalanprince/2016/09/19/the-ineffectiveness-of-mission-and-vision-statements-at-single-family-offices/#1311b1f739ec
09/19/2016
DC Plan Participants Want Retirement Income Projections
Nearly one-third of DC plan recordkeepers indicate that none of their DC plan clients have adopted a guaranteed in-plan retirement income option.
09/19/2016
Is Marijuana Becoming Big Business?
This is in addition to the -4 states that permit medical marijuana.
09/16/2016
Women in Banking: Let's Try Amplification
Tolstedt has been among American Banker's Most Powerful Women in Banking for more than a decade
09/16/2016
Funded Status of U.S. Corporate Pensions Remains Flat in August
The funded status of typical corporate DB plans did rise as high as 79.6 percent in early August, but slid back to 78.8 percent by the end of the month.