The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club — made up of about 15 high school students — is helping make investing decisions for the Grossman Family Student Investment …
The headquarters of Morgan Stanley in New York. Shannon Stapleton | Reuters Morgan Stanley is planning to launch an exchange-traded fund platform this year, joining a growing industry on Wall Street and continuing its push into asset management. Daniel Simkowitz, Morgan Stanley’s head of investment management, announced the move in a memo this week. “A first class ETF platform will …
skaman306 | Moment | Getty Images Millions of underbanked people around the world are finally getting access to financial products such as savings accounts, investing and loans. They have technology to thank. “There’s this new type of excitement about putting your money to work for you,” Flori Marquez, the founder and senior vice president of BlockFi, a cryptocurrency trading platform, …
Visa and Mastercard credit cards. Getty Images Payment and credit card giants Visa and Mastercard have blocked financial institutions from their networks in response to sanctions targeting Russia after its invasion of Ukraine. Last week, Russia launched an unprecedented invasion of Ukraine, forcing the U.S. and governments around the world to impose a series of sanctions aimed at cutting off …
China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service. “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia” on Monday. China’s property developers …
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday. As part of the deal, UOB said it will acquire Citi’s unsecured and secured lending portfolios, wealth management …
Financials are set to benefit from rising rates, and energy stocks are likely to gain from strong demand, said Crossmark Global Investments' Victoria Fernandez. Source link
Wells Fargo was a top performer last year, and Barclays sees more upside ahead. Source link
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Aug. 3, 2021. Al Drago | Bloomberg | Getty Images Jelena McWilliams, the head of the Federal Deposit Insurance Corp and a holdover Trump appointee, said Friday she intends to leave her position in …
Tech futures climb nearly 100 points as investors cheer a more hawkish Fed | Fortune You need to enable JavaScript to view this site. Source link
