Consultant launches site to track, decipher industry jargon
Outside of motorsports, asking someone whether they are “P1” or “P2” would likely confuse them. But for current or prospective Ameriprise financial advisors, it’s a fundamental question about their job. Processing Content Brad Wales is the founder of financial advisor consulting firm Transition to RIA. Transition to RIA The terms (“P1” refers to Ameriprise’s W-2 […]
Citi banking MDs moving to the fertile plains of Deutsche Bank may be wary now
Should Investment Banking Managing Directors Think Twice Before Joining Deutsche Bank? If you’re an investment banking managing director (MD) considering a move from Citi to Deutsche Bank, recent events may give you pause for thought. One such case is that of Ed McBride, who left Citi after 12 years in consumer banking and joined Deutsche […]
Iran prediction market trades spark insider trading concerns
Insider Trading Concerns Sparked by Iran Prediction Market Trades Recently, a series of prediction trades related to events in Iran have raised alarms among lawmakers, stirring up concerns about potential insider trading. These trades, which occurred just hours before US and Israeli missiles landed in Iran, involved wagering on the timing of the strikes and […]
US Fed ends 2018 enforcement action against Wells Fargo
Wells Fargo Concludes Federal Enforcement Action Charlie Scharf took over as CEO in 2019. Credit: IgorGolovniov / Shutterstock.com. Wells Fargo, one of the leading financial services institutions in the United States, has completed all regulatory requirements as stipulated by the US Federal Reserve Board, marking the conclusion of its 2018 enforcement action. This resolution signifies […]
Hedge funds and private credit pose stability risks, says Macklem
The Emerging Threats in Non-Bank Finance: A Warning from the Bank of Canada Bank of Canada (BoC) governor, Tiff Macklem, recently raised concerns about the rapid expansion in two key areas of non-bank finance, warning that it may be contributing to growing vulnerabilities in the global financial system. Macklem expressed these concerns while speaking at […]