Economy & Markets
The important economic and stock market news that advisors need to know.
Investors Jumping to Higher Rates in Money Market Accounts: Franklin Templeton CEO
By Dinah Wisenberg BrinJenny Johnson also has advice on what stocks make most sense if we go into a recession.
March 23, 2023
Finding Opportunities in a Stock Picker's MarketThere are opportunities amid the mixed signals on inflation and the economy and expectations for a slowdown.
March 23, 2023
Yellen Says U.S. Ready to Take More Deposit Actions If NeededBank stocks fluctuated after her prepared remarks were released. The KBW Bank Index traded down about 1.7% Thursday.
March 23, 2023
Falling Asset Values Could Put More Banks in JeopardyResearchers estimate that falling asset values could lead to deadly depositor runs at 186 financial institutions.
March 23, 2023
10 Biggest U.S. Banks in 2022These are the largest U.S.-based banks ranked by total assets as of Dec. 31, according to ADV Ratings.
March 23, 2023
Schwab Could Survive Fleeing Depositors: CEOEven if all depositors fled, Schwab would have adequate liquidity, CEO Walt Bettinger told The Wall Street Journal.
March 23, 2023
CalPERS Agrees to $820M Long-Term Care Insurance Rate Suit SettlementPolicyholders have been fighting CalPERS in court since 2013.
March 23, 2023
Wall Street Eases Hiring Freeze in Grab for Credit Suisse TalentHeadhunting firms working with banks like Goldman Sachs have started to fly representatives into Zurich to speak with candidates.