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CI Financial to be Taken Private in Deal with Mubadala Capital
2024年11月26日 · One of the quickest ways into the US is through Canada. CI Financial has agreed to be taken private in an all-cash deal with Mubadala Capital, a subsidiary of the Abu Dhabi Investment Authority, that values the Canadian asset manager’s enterprise at …
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LPL Financial Terminates CEO Dan Arnold Over Alleged Misconduct
2024年10月3日 · Chief executive Dan Arnold is out at LPL Financial. The country’s largest independent broker dealer terminated Arnold from his position as CEO on Tuesday for allegedly violating the company’s code of conduct, according to a filing.The decision was made by its Board of Directors after an investigation by an outside counsel determined he “made statements to …
Wells Fargo’s Costly Asset Cap Likely to Be Lifted in 2025
Wells Fargo is counting down the days to freedom. Reuters reported Tuesday that America’s fourth largest bank, which has been barred from adding assets to its balance sheet by US regulators since 2018, is likely to have the handcuffs taken off next year, citing three sources.. Knockin’ on Seven’s Door. The scandal that got Wells Fargo in hot water came to light in …
Intel’s CEO Resigns After Failed Turnaround Effort
If the artificial intelligence revolution has ushered in a boomtime for chipmakers, no one seems to have told Intel. Late Sunday night, the stumbling semiconductor giant’s CEO, Pat Gelsinger, announced his resignation, effective immediately, after a mostly terrible nearly four-year run at the helm of the company.
JPMorgan to Open Nearly 100 Chase Branches in Low-Income …
2024年10月2日 · JPMorgan Chase announced it will open nearly 100 brick-and-mortar locations in low-income inner-city and small-town American communities.
BlackRock Strikes Deal With Banks to Provide Closely Held Bond …
Corporations have issued enough investment grade US bonds this year to break four monthly issuance records. But, if you wanted real-time prices for one of these coveted assets, you might still have to get a financial advisor to call up a broker-dealer bank as if it were 1984.
Inside Wells Fargo’s Bet on Independent Advisors
2024年11月14日 · Wells Fargo’s gamble on indie advisors may be paying off. The San Francisco-based brokerage has been quietly building out an independent channel that has helped stem an exodus of advisors at the firm in recent years. Launched in 2001, the indie broker-dealer channel called Financial Network — along with a new registered investment advisor program in …