FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
Read more...
Securities and Exchange Commission Chair Mary Jo White is proposing a host of reforms for…
Read more...
The Financial Industry Regulatory Authority has warned its member firms that claiming IRA are free…
Read more...
While market bulls are understandably cheering the ongoing equity rally off of 2009 lows, the…
Read more...
Smart beta funds are one of the hottest trends on Wall Street and are generating…
Read more...
A recent Government Accountability Office report maintains that 401(k) providers…
Read more...
The Department of Housing and Urban Development has changed principal…
Read more...
Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
Read more...
Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
Read more...
The NFL Players Association has approved UBS to work with current and former players through…
Read more...
Estimated reading time: 0 minutes, 25 seconds
The world’s wealth total has shrunk on a year-over-year basis for the first time since the 2008 financial crisis, according to an annual report by UBS. So reports Fortune.
According to UBS, wealth worldwide fell 2.4% in 2022 to $11.3 trillion. The country losing the most wealth was the United States, with a $5.9 trillion decline—also its biggest drop since 2008.
“Stock market losses in 2022 often reversed—at least in part—the gains made a year earlier,” the UBS report states.
Add us to your Safe Sender list: We want to…
Progressive Media Group Subscription Agreement This agreement states the general…
While market bulls are understandably cheering the ongoing equity rally…
Welcome We’re glad you chose to visit a Progressive Media…