Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets. The long-bond yield has risen around 85 basis points since the end of June and touched about 4.81% Thursday, the...
BlackRock Inc. Chief Executive Officer Larry Fink said he’s open to more acquisitions, as the world’s largest asset manager increasingly seeks to position itself as a one-stop shop for investors. “I do see some very large opportunities for inorganic growth,” Fink told Bloomberg Television’s Dani Burger at the Berlin Global Dialogue forum...
China Evergrande Group wiped out international investors, roiled financial markets and left thousands of suppliers in the lurch. Yet it was the developer’s failure to pay households who invested in its wealth management products that may have provided the last straw for Chinese authorities. Almost two years after Evergrande defaulted...
The top royal for one of the world’s smallest nations heads a multibillion-dollar dynasty dating back almost 1,000 years that’s endured through wars, floods and scandals. Today, the finance empire behind Liechtenstein’s Prince Hans-Adam II is flourishing from its main area of expertise: managing money for the world’s super-rich. LGT Group,...
In a case that is being closely watched by the financial sector, the civil fraud trial against former President Donald Trump regarding allegations of exaggerated property valuations could commence as early as Monday. An appeal by Trump to postpone the trial was dismissed by a New York appeals court...
It’s a story that has become too common: An investor, often retired, transfers a big chunk of their 401(k) or IRA to buy gold and in doing so ends up losing a lot of money. A new lawsuit from California and the Commodity Futures Trading Commission comes with a grim...
RBC Wealth Management has added a Kansas-based team that managed $1 billion in client assets at UBS, the firm announced Thursday. The Total Wealth Management team is based in Leawood and includes: managing director Patrick McCarthy; senior vice presidents John Brown and Eric Taylor; vice president Scott Jones; associate...
A Los Angeles-based broker who was a big seller of GWG Holdings bonds is facing a staggering $7.85 million in investor lawsuits as GWG winds its way through bankruptcy proceedings and no one knows what the bonds are worth. The broker, Tony Barouti, is registered with Emerson Equity, the...
The IPO window is open, or at least it’s noticeably ajar. So what does that mean for financial advisors whose clients are interested in venture capital and seek to invest in a company before its shares hit the big board? Despite the recent sell-off in stocks, a number of high-profile...
When it comes to saving up for health care costs, 36 million people are thinking about their medical expenses. That’s according to Devenir, a provider of investment solutions for health savings accounts, which released the findings of its semiannual study last week. Its health savings account survey found that HSA assets...