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2 weeks ago | 
afr.com | Costas Mourselas |Harriet Agnew |Joshua Franklin
Costas Mourselas, Harriet Agnew and Joshua FranklinApr 6, 2025 – 10.03am or Subscribe to save articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? London/New York | Hedge funds have been hit with the biggest margin calls since COVID-19 shut down huge parts of the global economy in 2020, after Donald Trump’s tariffs triggered a rout in global financial markets.
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2 months ago | 
afr.com | Guy Chazan |Amanda Chu |Joshua Franklin
Guy Chazan, Amanda Chu and Joshua FranklinFeb 16, 2025 – 8.50am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber? For President Donald Trump, tariffs are a way of protecting American industries and safeguarding national security. For Tracy Skupien, they are a calamity that has pitched her company into crisis.
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2 months ago | 
afr.com | Joshua Franklin |Sujeet Indap
New York | JPMorgan Chase and investment banking boutique Evercore have displaced Morgan Stanley as the chief rivals to Goldman Sachs in the core Wall Street business of dealmaking advice. JPMorgan generated financial advisory fees last year — including mergers and acquisitions — of $US3.29 billion ($5.2 billion), while Evercore recorded $US2.45 billion and Morgan Stanley $US2.38 billion. Loading... Financial Times
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Oct 23, 2024 | 
portfolio.bisanet.org | Joshua Franklin
In this final episode in the BISA Portfolio Podcast “DE&I Voices” series, guest host Logan Hickman of Nationwide converses with Megan Richter of Key Investment Services and Jermaine Perrien of Symetra about the value of diverse teams within the financial institution. Both Symetra and Key Investment Services have implemented DE&I initiatives, such as resource groups, training and leadership commitment. They discuss these initiatives and strategies for the future.
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Oct 22, 2024 | 
portfolio.bisanet.org | Joshua Franklin
Jackson National is adding a living benefits rider to a variable annuity (VA) it debuted over a decade ago as a bare-bones investment-focused product. The company announced that it is pairing a guaranteed minimum account balance rider with its Elite Access line of variable annuities.
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Oct 22, 2024 | 
portfolio.bisanet.org | Joshua Franklin
The U.S. Consumer Financial Protection Bureau (CFPB) has finalized “open banking” rules that will make it easier for customers to link their bank accounts to newer apps. “Too many Americans are stuck in financial products with lousy rates and service,” said CFPB Director Rohit Chopra. “Today’s action will give people more power to get better rates and service on bank accounts, credit cards and more.”
Read the full article on Financial Times
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Oct 21, 2024 | 
portfolio.bisanet.org | Karen DeMasters |Joshua Franklin
The future success of financial firms rests on hiring the right talent to handle new products for a younger clients, according to a new survey by the Money Management Institute (MMI) and Broadridge Financial Solutions. The survey of 175 MMI members found that nearly three-quarters of wealth managers called on asset managers to invest more in product specialists in the new survey, up from 38% in 2023.
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Oct 21, 2024 | 
portfolio.bisanet.org | Nicola White |Joshua Franklin
U.S. Securities and Exchange Commission (SEC) examiners will boost scrutiny of financial firms’ use of artificial intelligence (AI) in 2025, according to a newly published Division of Examinations report. Advisors, brokers and others can expect the SEC to focus on their statements about AI tools to ensure they comply with agency rules. The regulator will also look into how firms supervise the use of the technologies for tasks tied to trading, fraud prevention and anti-money-laundering policies.
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Oct 18, 2024 | 
portfolio.bisanet.org | Leo Almazora |Joshua Franklin
Northern Trust has appointed Srilatha Lakkaraju as the new director of charitable giving solutions. In her new role within the firm's Foundation & Institutional Advisors practice, Lakkaraju will be responsible for leading the national strategy and execution of the firm’s Donor Advised Fund and Private Foundation Administration services. She previously spent 14 years at Bank of America as senior vice president and philanthropic client manager.
Read the full article on InvestmentNews
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Oct 17, 2024 | 
portfolio.bisanet.org | Mengqi Sun |Joshua Franklin
The New York State Department of Financial Services has issued a new guidance document that advises the entities it regulates to monitor and assess risks from artificial intelligence (AI)-enabled tools, as part of the agency's existing cybersecurity regulation. The department said financial-services firms need to better understand AI-related risks, including from social engineering, cyberattacks and the theft of private information.
Read the full article on The Wall Street Journal
