Citadel Securities’ youthful Zurich office grew, courtesy of Google
The Best Tech Talent Finds a Home in Electronic Market Making Firms In a time when tech firms are cutting back like they haven’t in years, their very best people can still find their places in the world – such as at the world’s largest electronic market making firms. Ferenc Tóth joined Citadel Securities in […]
The downside of 100% bonus depreciation: What advisors need to know
The One Big Beautiful Bill Act is delivering one of the largest tax cuts in a generation, with the nonprofit Tax Foundation projecting an average after-tax income rise of 5.4% for 2026 — the biggest single-year boost since the 2017 Tax Cuts and Jobs Act. Processing Content alt=”Carl E. Sera”> Carl E. Sera is managing […]
SBA raises cumulative loan cap for first time since 2010
The Small Business Administration Increases Cumulative Loan Cap Entrepreneurs and small businesses across the United States are set to benefit from an increase in the cumulative loan limit offered by the Small Business Administration (SBA). This decision comes after more than a year of advocacy for higher loan-size limits. An expert in the field, Ohio […]
Fintech’s summer-break C-suite churn has begun
Revolut Co-Founder Vlad Yatsenko Steps Down as CTO Vlad Yatsenko, the co-founder and chief technology officer of Revolut, has announced his decision to leave his role at the challenger bank on July 1. He will transition to a non-executive director position within the company, as reported in an emailed statement by Banking Dive. Yatsenko expressed […]
How to get prospects to find you, according to Kitces
The image of an older couple walking on a beach at sunset near a lighthouse, paired with a tagline on “guiding your financial future with confidence,” likely looked familiar to financial advisors. Processing Content To planning entrepreneur and writer Michael Kitces, the generic advisor practice homepage, which he constructed using ChatGPT, showed the contrast between […]
Finastra sells its Phoenix bank core to CORA Group
Finastra Sells Mid-Size Banking Business to CORA Group, a Subsidiary of Constellation Software Finastra, the UK-based financial software provider, has sold its U.S. mid-market banking operations to the CORA Group, a subsidiary of Toronto-based vertical software company, Constellation Software. The transaction, which took place on Wednesday, was for an undisclosed amount. Details of the Transaction […]
Morgan Stanley to plug stock-plan platforms with external AI agents – report
Morgan Stanley Opens its Stock Administration Platforms to AI Agents In a groundbreaking move, Morgan Stanley, one of the key players on Wall Street, is reportedly planning to open its primary stock administration platforms, ShareWorks and Equity Edge, to autonomous Artificial Intelligence (AI) agents from thousands of corporations. This marks an unprecedented move by a […]
Book notes: Walter Bagehot: life and legacy, by Janet Seaton and Barry Winetrobe
Walter Bagehot: A Pioneering Visionary in Central Banking The central banking community is no stranger to the name Walter Bagehot. Known for his profound insights and influential theories, Bagehot’s work has left a lasting impact on the world of finance and banking. His legacy is further examined in “Walter Bagehot: Life and Legacy”, a comprehensive […]
Morning Coffee: Most desirable hedge fund offers employees a highly priced gift. JPMorgan deploys its $67m bankers on SpaceX IPO
The Second Way of Making Money at a Hedge Fund Working at a hedge fund can be a lucrative career choice, offering the potential to make significant amounts of money through various avenues. While the first way involves being a portfolio manager whose investment strategies pay off, the second way presents itself after you have […]
Markets sent RIA assets surging. What that means for EBITDA multiples
With AUM totals hitting a record high, RIA owners eyeing an exit sale now have more leverage to demand higher prices from acquirers. Processing Content Valuation experts say many are likely to get what they want, even if buyers know much of RIAs’ recent asset gains derive from a years-long bull run in equity markets. […]