Wells Fargo repays clients $40 million for excessive investment advice fees
Wells Fargo paid back $40 million to almost 11,000 customers who for years were overcharged on fees for investment advice,…
31% of investors are OK with using artificial intelligence as their advisor
Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that…
Higher interest rates, inflation push Gen Z investors to trade stocks on emotion. That may be bad, experts say
Almost 9 in 10 young investors have actively traded stocks this year due to higher interest rates and inflation, according…
China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche
China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a…
Don’t count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests
Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University…
Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the…
Lloyd Blankfein says he ‘can’t imagine’ returning to Goldman Sachs
Former Goldman Sachs CEO Lloyd Blankfein said he couldn’t imagine returning to his old firm, disputing a news report that…
‘Dangerous point for investors’: Strategist warns of overconfidence about A.I.
Market participants are “overconfident” about their ability to predict the long-term effects of artificial intelligence, according to Mike Coop, chief…
Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…
These charts show what has Moody’s worried about regional banks including U.S. Bank and Fifth Third
The Moody’s ratings downgrades and outlook warnings on a swath of U.S. banks this week show that the industry still…
