Thursday, December 19

Tag: wealth management

More Americans Than Ever Own Stocks
18Dec By adminNo Comments
World

More Americans Than Ever Own Stocks

Listen to article(2 minutes)The share of Americans who own stocks has never been so high.About 58% of U.S. households owned stocks in 2022, according to the Federal Reserve’s survey of consumer finances released this fall. That is up from 53% in 2019 and marks the highest household stock-ownership rate recorded in the triennial survey. The cohort includes families holding individual shares directly and those owning stocks indirectly through funds, retirement accounts or other managed accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Private Market Can Add Discipline to Deposit Insurance
14Dec By adminNo Comments
Health

The Private Market Can Add Discipline to Deposit Insurance

Following the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank this spring, U.S. lawmakers have faced a policy head-scratcher. When bank runs happen on the internet, not at the teller’s window, how can the government ensure that smaller and regional banks can meet increased demands for liquidity during moments of panic? Excessive capital requirements would harm smaller banks more than larger ones, while reducing the demand for liquidity by increasing the amount of deposit insurance would create serious moral hazard.Solving such a complex problem requires a fresh look at deposit insurance. The Federal Deposit Insurance Corp., to its credit, hinted at the answer in a May report on the history and nature of deposit insurance. It asked whether private insurance has a ro...
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Brookfield Targets ‘Deglobalization’ Opportunities With $30 Billion to Spend
1Dec By adminNo Comments
World

Brookfield Targets ‘Deglobalization’ Opportunities With $30 Billion to Spend

Dec. 1, 2023 6:38 pm ET|WSJ ProBrookfield’s asset-management unit amassed $30 billion in fresh capital to invest in data centers, telecommunications towers, renewable-power plants and other infrastructure assets, wrapping up its largest fund ever and taking one more step toward its goal of collecting $150 billion in commitments this year.The Toronto-based firm closed its Brookfield Infrastructure Fund V with $28 billion, surpassing the amount raised for each of its other vehicles to date. The firm brought in 12% more than its $25 billion target for Fund V and 40% more than the $20 billion it collected for a predecessor vehicle in 2020.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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First Republic Crashed and Burned. This Bank Wants to Copy Its Business.
26Nov By adminNo Comments
World

First Republic Crashed and Burned. This Bank Wants to Copy Its Business.

Regional lender Citizens Financial Group opened a new private bank for wealthy customers last month. Its inspiration: First Republic Bank, which collapsed earlier this year in the second-largest bank failure in history. Citizens, based in Providence, R.I., is spending tens of millions of dollars hiring former First Republic staffers. It hopes the strategy will help it crack a market it has long coveted. Executives say they plan to copy only the good parts of First Republic, such as its beloved customer service. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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First Republic Crashed and Burned. This Bank Wants to Copy Its Business.
26Nov By adminNo Comments
Money

First Republic Crashed and Burned. This Bank Wants to Copy Its Business.

Regional lender Citizens Financial Group opened a new private bank for wealthy customers last month. Its inspiration: First Republic Bank, which collapsed earlier this year in the second-largest bank failure in history. Citizens, based in Providence, R.I., is spending tens of millions of dollars hiring former First Republic staffers. It hopes the strategy will help it crack a market it has long coveted. Executives say they plan to copy only the good parts of First Republic, such as its beloved customer service. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Julius Baer Sees Lower Net Profit on Credit Provisions, Higher Taxes
20Nov By adminNo Comments
World

Julius Baer Sees Lower Net Profit on Credit Provisions, Higher Taxes

Julius Baer Gruppe expects a net profit for 2023 below last year’s level due to a rise in credit provisions and an increased tax rate, but recorded net new money inflows until October.The Swiss private-banking group said Monday that it booked valuation adjustments of 82 million Swiss francs ($92.6 million) on its loan book, of which CHF70 million was against its credit portfolio after Oct. 31.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Three Things That Can Save You Money—and Misery—on Your Benefits
1Nov By adminNo Comments
Money

The Three Things That Can Save You Money—and Misery—on Your Benefits

The best way to make sure your doctors are still covered under your health insurance plan? Pick up the phone and call them. Each year, many workers learn the hard way that solely relying on your insurance provider’s online search tool to check on coverage during open enrollment doesn’t work. Those websites aren’t always up-to-date, benefits professionals caution.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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