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When being one of America’s biggest banks becomes a millstone
And measuring tail-risk hedge performance
Higher funding costs and uncertainty over its long-term earnings trajectory are the real worry for the company
Charles Schwab, State Street and M&T report outflows as savers hunt for better rates
US subsidies have led to more than $200bn in commitments to clean tech and chipmaking
Broker’s big bet on customers’ cash looked like a smart move until Fed began to tighten
GQG Partners offloaded $1.4bn of shares after brokerage was ‘caught up’ in banking turmoil
Interest rates take a heavy toll on results day
Business has ample capacity to handle even dire short-term illiquidity
Broker was already under pressure from customers reacting to higher interest rates
Discount brokerage has transformed itself into one of America’s largest lenders by deposits
Abrdn, BlackRock and Charles Schwab have done deals or launched products tied to digital assets this month
Asset managers charge more just as investors dash for safety
A less prominent factor behind the crypto bubble may have been a faster rise in the price of assets, such as housing, than in wages
SEC slams ‘egregious’ allocations of customer money that extracted ‘hidden costs’
Move follows fee reductions on similar products by Vanguard and State Street
Alongside a surge in retail share trading, traditional and ‘robo’ advice is being sought
Robinhood says limited trading to resume on Friday after rebukes from users and politicians
FCA director compares shortcomings at firm to those at collapsed US bank Lehman Brothers
Pennsylvania-based asset manager attracts record inflows of $90bn in first half
Welcome to Due Diligence, the FT’s daily deals briefing
ETF pioneer seeks new strategy to halt share loss
US stocks hit new record thanks to return of animal spirits and ebbing of recession fears
The opportunity is not about helping clients trade, but helping them invest more broadly
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