BlackRock hires JPMorgan’s Jessica Bulen for family office push
BlackRock Taps JPMorgan Executive Jessica Bulen for Family Office Business Introduction BlackRock has appointed Jessica Bulen, a former JPMorgan Chase executive, to lead its expanding family office business. Bulen will take on the role of head of family capital, endowments, foundations, and healthcare in the Americas institutional business starting in July, as announced in a […]
Commerzbank rallies shareholders against UniCredit takeover offer
Commerzbank Rejects Takeover Proposal by UniCredit Recently, Commerzbank, one of Germany’s leading financial institutions, declined a takeover proposal by UniCredit, intensifying its resistance to the cross-border approach. The proposal saw UniCredit, now the biggest shareholder in Commerzbank, offer to purchase Commerzbank stock, valuing the lender at nearly €39bn ($45.37bn). However, this valuation fell short of […]
Kraken wants to be a (legally speaking) bank. Why?
Bitcoin: A Currency Seeking Acceptance Within the Traditional Finance System Bitcoin, the world’s first cryptocurrency, has been a subject of debate and intrigue since its inception in 2009. The brainchild of an anonymous individual or group known as Satoshi Nakamoto, Bitcoin was created as a peer-to-peer electronic cash system, designed to exist outside the traditional […]
Wells Fargo lands $6B team from Morgan Stanley
The Taylor Group of Wells Fargo Advisors Joins Wells Fargo’s Manhattan Offices A 19-person team led by young private wealth advisors has made a significant move from Morgan Stanley to Wells Fargo’s offices in Manhattan. The team, known as The Taylor Group of Wells Fargo Advisors, is comprised of advisors Cordia “James” Taylor, Marcus Briscoe, […]
Planners want to be ‘transparent.’ What’s that really mean?
Even among financial planners striving to reduce their conflicts of interest to the fullest extent possible, the precise meaning of “transparency” in the field can be tough to pin down. Processing Content But a dozen financial advisors and other planning professionals who gathered last week outside Chicago for the Transparent Advisor Movement’s first “Flat Friday” […]
Lagarde at G7 meeting: ‘I always worry’ about bond markets
Christine Lagarde on Bond Markets: A Constant Concern European Central Bank (ECB) President Christine Lagarde has expressed her ongoing concern over the state of the bond markets. Speaking ahead of a Group of Seven (G7) meeting in Evian, France, she stated that her job includes “always” worrying about the condition of these markets. Global Financial […]
Citing bad loans, USDA bars a group of lenders from lending program
USDA Sanctions 10 Lenders Over Delinquent Loans in OneRD Program The U.S. Department of Agriculture (USDA) has taken a firm stance against noncompliance and irresponsible lending practices. In a recent announcement, the USDA has barred 10 lenders from its OneRD rural development loan guarantee program. This decision is attributed to an alarming increase in delinquent […]
OpenAI launches personal finance tools for ChatGPT Pro users
OpenAI Introduces Personal Finance Management Tools for ChatGPT Pro Users OpenAI, a leading artificial intelligence company, recently announced its partnership with Plaid, a data aggregation firm, to offer personalized financial management services to ChatGPT Pro users in the United States. This move allows users to connect their bank accounts through Plaid to ChatGPT for bespoke […]
Pay for hedge fund portfolio managers vs. long only PMs in London
The Current Landscape for Stock Pickers in London If you’re a stock picker in London, you might feel like you’ve been squeezed recently. Hiring has been slow, teams are being rebuilt more than expanded, and juniors have fewer career opportunities than they, or you, can remember. Insights from Octavius Finance Data from recruitment consultancy Octavius […]
How to apply for Best Workplaces in Money Management in 2026
Recognizing the Best Workplaces in Money Management in 2026 Do you love your employer? Financial Planning is giving you the chance to show your appreciation by submitting a nomination for the best money managers to work for in 2026. Financial Planning’s Best Workplaces in Money Management program aims to highlight practices that offer positive work […]