Financial services
Pursuing professional designations in the financial industry is a complex and often bewildering process for both advisors and consumers. In an attempt to simplify things, the Ontario government has approved a list of certain designations for professionals to call themselves "financial advisors" or "financial planners." However,
Financial services
Ripple, a US-based digital asset infrastructure provider, has partnered with The Bank of New York Mellon Corp. (NYSE: BK) to custody its Ripple (RL) reserves. The joint effort aims to bridge the gap between traditional finance and the crypto ecosystem, enabling institutional-scale digital asset adoption. Ripple's RL is
Financial services
GreenSky Home Improvement Issuer Trust 2025-2 ("GSKY 2025-2") has been assigned preliminary ratings by Kroll Bond Rating Agency, LLC (KBRA) for five classes of notes totaling $681.009 million. The securitization is collateralized by a pool of approximately $750 million consumer loans used for home improvements originated by
Financial services
The Financial Conduct Authority (FCA) has published proposals to address the investment advice gap, which has been a pressing issue since the 2012 Retail Distribution Review. The proposals, outlined in CP25/17, aim to provide targeted support to consumers by offering a group-based advice service. This approach would allow firms
Financial services
The Bank of England's Artificial Intelligence Consortium (AIC) has been established to facilitate dialogue on the capabilities, development, and potential risks of artificial intelligence (AI) in UK financial services. During its inaugural meeting, the consortium's co-chairs, Sarah Breeden and Sarah Pritchard, emphasized the importance of public-private
Financial services
Financial Conduct Authority (FCA) warns investors against a clone firm that is impersonating a genuine FCA-authorised firm, Swiss Re Capital Markets Limited, by using its name, address, and company number. The scam uses email addresses, telephone numbers, postal addresses, and Firm Reference Numbers to convince people that the firm is
Financial services
Canadians are reassessing their investment strategies in light of growing market uncertainty, with many opting for more conservative options to protect their savings. According to a new report from Sun Life Financial Inc., Canadians divested from U.S. equity funds at the highest rate since the pandemic began, shifting their
Financial services
The wealth management industry is witnessing a significant shift as private credit investments become increasingly accessible to affluent individuals. Gone are the days when private credit was exclusive to pension funds and ultra-high net worth individuals. The minimum investment threshold has dropped to just $1,000, making it easier for
Financial services
TradeStation Securities, an award-winning online brokerage firm, has integrated its equities and equity options trading services with TipRanks, a leading provider of retail investor tools powered by data-driven market research and analyst insights. This integration aims to provide users with seamless access to TradeStation Securities' brokerage services and TipRanks&
Financial services
Diversified Partners, a commercial real estate firm with $4 billion in planned transactions through 2026, has launched its first dedicated investment-sales team to expand its capabilities and deepen its commitment to serving landlords, investors, and developers across the region. The new team, led by industry veteran Stan Sanchez, will offer
Financial services
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has extended the deadline for Mexican banks CIBanco, Intercam, and Vector to comply with certain standards before facing sanctions. The original deadline was set to expire this month, but has now been pushed back to September
Financial services
British farmers are at risk of being underinsured due to the surge in cattle prices, a rural insurance specialist has warned. Toby Baker, of Lincoln-based insurance broker Dallas Scott Davey, highlighted that livestock prices have increased significantly over the past 12 months, leaving many farmers exposed. As cattle prices continue
