As artificial intelligence makes advances in all industries, one company has announced a flagship AI-driven product that will help financial firms with compliance protocols. Surge Ventures, a Menlo Park, California-based fintech company, Thursday announced the launch of its inaugural venture, RegVerse, which focuses on advancing regulatory technology, or regtech. Along with...
A $170 million advisor team has joined Steward Partners Global Advisory to open an office in Sarasota, Florida. Sunshine Private Wealth is led by Faiza Kedir, CFP, and was previously with Hightower where Kedir was director, business development, and financial advisor, having started her FA career at the firm having...
An Airbus A330-323 aircraft, operated by Delta Air Lines.Benoit Tessier | ReutersDelta Air Lines' profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after...
Less than 10% of financial advisors in the U.S. are from Hispanic backgrounds, according to estimates, but what can the industry do to change the stats? It’s Hispanic Heritage Month and InvestmentNews asked Lorenzo Esparza, co-founder of Manhattan West in Los Angeles, to share his insights into the challenges and...
Wall Street analysts are boosting US earnings forecasts even before results start rolling in, signaling that the worst of the profit slump is likely over as ebbing inflation eases the pressure on a broad swath of industries. That’s pushed an indicator known as earnings-revision momentum — a gauge of upward-to-downward...
Federal Reserve Bank of Boston President Susan Collins said officials are taking a more patient approach to monetary policy now that rates are at or near their peak, though further rate increases are still possible. US central bankers can take more time to evaluate incoming economic data because they “are...
A Democrat on the US Securities and Exchange Commission is warning that syndicated loans sold widely to investors are stoking risks to the broader financial system. Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday. She...
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to Barclays Plc’s chief executive officer. Despite tentative signs of activity returning at the start of September, C.S. Venkatakrishnan said on Bloomberg’s In the City podcast that a dealmaking revival is still looking “a little further...
Hillhouse, the investment firm started with backing from Yale University’s endowment, is preparing to pitch a new Asia-focused private credit fund to international investors as the asset class continues to grow in the region. Hillhouse, which has traditionally focused on public and private equity, has set up a private credit...
The rapid shift from traditional banking systems to more advanced digital platforms marks the revolution in international payments. It is enabling real-time and cost-effective cross-border transactions. This transformation is not only enhancing user experience and financial inclusion. But also reshaping the global financial landscape and how businesses operate internationally....