A new survey by BlackRock of more than 200 institutional investors shows that only a quarter say technology is as important...
It was a month ago that YieldStreet shared that they had partnered with Citi to offer their investors access to...
2020 is off to a fast start when it comes to fintech financings and M&A deals as the past week...
There are new ways for Americans to build their emergency savings today from a new government program offered through retirement plans to new fintech offerings.
I examine the unbelievable transformation and restructuring happening in high finance. Global bank HSBC is planning to lay off over 10% of staff, looking at reductions of 35,000. E*TRADE is being acquired by Morgan Stanley, integrating its 5,000,000 accounts and $360 billion of assets into the Wall Street investment firm. Legg Mason and its $800 billion of assets are being folded into Franklin Templeton for $4.5 billion, less than what Visa had paid for fintech data aggregator Plaid and half of what Robinhood is likely valued privately. How do we make sense of these developments? How do we appeal to the heart?
UK based payments fintech TransferWise has upped their valuation to $3.5bn with a secondary funding raise of $292mn; the round...
I discuss Citi's roboadvisor launch and why it took the firm 12 years to get to the party. We break down the difference between financial services ingredients and the organizations that combine those ingredients to manufacture and distribute financial products. We also look at how that consumer prerogative is defining the asset management industry, and the consolidation towards monolithic passive indexing providers. Last, we talk about how people prefer mass produced Twinkies to expensive artisanal desserts. Yummy!
The low and middle income consumer has been struggling for decades. And while the pandemic has made things a lot...
Asset management divisions within big banks have always been a solid revenue source but recently they have taken on greater...
BlackRock is leading a $50mn investment round into microinvesting app Acorns to help build out their investment options; BlackRock joins...