Citigroup Inc. said its head of wealth services is leaving as the lender conducts a global reorganization. Eduardo Martinez Campos started his career in Citigroup’s markets business roughly three decades ago, according to a memo to staff from newly appointed wealth chief Andy Sieg. The division Learn more about reprints and...
The Securities and Exchange Commission accused crypto exchange Kraken of securities-law violations, less than a year after unveiling a $30 million settlement with the firm over other alleged conduct. In its latest salvo against the crypto sector, the regulator claimed Monday that Kraken commingled customer assets with its own and at times...
Nearing the end of a tumultuous year for assets in developing countries, emerging-market currencies are poised for the best performance since 2017 as a late rally pushes investors to lock in higher yields while they still can. The benchmark MSCI EM Currency Index advanced 0.3% on Tuesday, lifting its gains this year...
Solving the world’s biggest issues will involve, at least in part, an area of technology that is known as ‘deep tech’ and it’s now an established asset class according to new research. Boston Consulting Group says that deep tech now claims a stable 20% share of venture capital funding, ro Learn...
Stoy Hall realized early on that financial literacy was a scarce resource in his family, and his community. Now, as founder and CEO of Black Mammoth, a financial services company in Iowa with clients all over the country, he says that during his childhood, there simply weren’t any finance professionals...
A brokerage and two of its registered representatives agreed to pay the SEC a little more than $1 million for violating Reg BI by churning client accounts, according to orders released Monday. The Securities and Exchange Commission charged Richard Michalski and Michael Murray, two reps for Laidla Learn more about reprints...
A Finra proposal on performance advertising aims to align its oversight of broker marketing with the SEC’s marketing rule for investment advisors — a move that would help dually registered advisors adhere to both regulations. The Financial Industry Regulatory Authority Inc. filed a proposal l Learn more about reprints and licensing...
There’s hardly been a quiet year for bitcoin since its inception, but 2023 has been a standout: The price of the digital asset has more than doubled, the U.S. is on the cusp of having spot-price bitcoin ETFs, and the founder of a major exchange that melted down in...
Paying for college is seldom easy, and there are several factors at play that will soon make planning for it simpler and harder in their own ways. Next year, provisions from the SECURE 2.0 Act take effect that will allow employers to offer some financial benefits to workers who are...
It’s touted as crypto’s big breakthrough on Wall Street: The imminent arrival of bitcoin exchange-traded funds that will kick open investing in digital currency to the institutional and retail masses. That’s driving the latest hype cycle in the world’s largest token on bet Learn more about reprints and licensing for this article.