Wealth Management Industry News
A collection of Wealth Management latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Tokenisation could threaten 25-30% of wealth management revenue: Morgan Stanley
The growing adoption of tokenised assets and digital forms of money could put pressure on a key revenue source for wealth managers, with net interest income accounting for 25-30 per cent of their total revenue, according to a report by Morgan…
Vertex Pharmaceuticals Incorporated $VRTX Stock: One Wealth Capital Management LLC Cuts Stake
One Wealth Capital Management LLC lowered its position in Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX - Free Report) by 88.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 443 shares of the…
Global asset management industry to expand through 2030, profitability remains a challenge: Morgan Stanley
The global asset management (AUM) industry is expected to witness continued growth through 2030, however, declining management fees could put pressure on revenues, with private markets and artificial intelligence (AI) emerging as key drivers of…
Investors expect markets to unwind as Brazil's Lula reelected
By Rodrigo Campos and Marcela Ayres NEW YORK/BRASILIA, Oct 26 (Reuters) – Brazilian President Luiz Inacio Lula da Silva won reelection on Sunday, defeating right-wing Senator Flavio Bolsonaro and setting up a test for financial markets, with…
HSBC Q3 profit forecast to rise 33 percent, net interest income and buyback in focus
Investors are paying attention to HSBC's (0005) net interest income and buyback policy ahead of its 2026 third-quarter results on Tuesday, with analysts forecasting its pre-tax profit to rise by 32.9 percent year on year to US$9.7 billion (HK$75.66…
A 50% Yield? The AI Trade Is Getting Wild
For crazy rich Asians, a selloff in AI-related stocks presents new trading opportunities. Volatility has become their friend. Would you be willing to provide protection for shareholders of CoreWeave Inc., the data-center operator under scrutiny…
Wealth giants brace for Treasury hit on retirement 'boost' schemes
The nation's largest wealth managers are bracing for a potential government crackdown on retirement products engineered to artificially trim superannuation balances to max out a member's aged pension entitlements. Widely labelled as “pension…
It's back! McDonald's McRib returns soon, but only in select markets
(KTLA) — It's back! The beloved McRib is returning to select markets later this week. McDonald's marketing executive Guillaume Huin shared the news on X, saying the McRib will make its seasonal return on Oct. 27. The sandwich, which debuted…
Forget the House and the Senate, the economy may hinge on state and local races in the midterm elections
Data centers have emerged as a national issue during this midterm election cycle, and candidates for the House and Senate have seized on it in their campaigns. But state and local officials actually have more sway over data center construction and…
Banks set to report stronger profits as they face prospect of tax hike
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Britain's high street banks are set to unveil stronger…
Beacon Financial: 3 Key Takeaways for Long-Term Investors
On its third-quarter 2026 earnings call, held on Oct. 22, 2026, Beacon Financial (BBT +0.40%) announced net income of $61.2 million during a leadership transition to Chief Executive Officer Sean A. Gray. Three things management said stand out.
Talk Your Book: Investing in Single Stock Futures
To learn more about CME Group click here: http://cmegroup.com/singlestockfutures Why CME Group rolled out single stock futures, and who the product is built for How initial margin on single stock futures creates more capital efficiency than owning…
Banks set to report stronger profits as they face prospect of tax hike
Britain's high street banks are set to unveil stronger profits as they face the prospect of being targeted for a tax hike in the Budget. Lloyds Banking Group, HSBC, NatWest Group and Santander will report their third-quarter financial results next…
HSBC Ends Direct Banking Operations in South Africa After Three Decades
HSBC has ended its direct banking operations in South Africa after the South African Reserve Bank (SARB) withdrew authorization for its Johannesburg branch, completing an exit announced two years earlier, BusinessDay reported. The withdrawal took…
Business excursion to China: UOB's annual next-gen programme targets high-net-worth heirs
SINGAPORE – Second-generation business leader Yeo Zong Han recently jetted off to China at the invitation of UOB, and brought back new perspectives to his family business in Singapore. From Aug 31 to Sept 4 in Shanghai and Hangzhou, he met…
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