Hints and tips:
...The appetite for golf increased in many places during the pandemic, as working from home increased demand for outdoor recreation, household savings and available leisure time....
...Between banks, 401ks and other investments, the average person has seven different accounts when they retire, some subject to tax, others not....
...And money market funds, which use the same structure as investment mutual funds but compete with banks for cash savings, currently hold an additional $6tn in assets, an all-time high....
...And that brought him to WeWork, which was on the other side of the Madison Avenue deal....
...Some years ago I wrote a book about Swiss banks and Nazi gold....
...The average US bank account savings rate is just 0.37 per cent, according to government data, versus the Fed’s benchmark rate of 4.75 per cent to 5 per cent....
...As customers deposited their savings and Covid-19 stimulus cheques on to the platform and markets climbed, Schwab automatically “swept” the money into bank accounts....
...My colleague Madison Darbyshire’s read on Franklin Templeton, from January, covered the same terrain but focused on a single firm....
...One thing to start: I’m in New York this week and I hope to see lots of you at our Future of Asset Management North America event taking place on Wednesday and Thursday at etc.venues 360 Madison....
...accounts at big banks such as JPMorgan Chase and Bank of America hover near zero....
...Madison Darbyshire is the FT’s US investment reporter...
...Its new Goldman Sachs-run savings account offers a 4.15 per cent interest rate. Bank of America and Chase are still only paying a few basis points....
...“People think, ‘OK I’ve got a couple thousand in the bank — in the real world that’s, like, broke’,” he says....
...I think we can do better here for retail investors,” Gensler told a conference hosted by investment bank Piper Sandler....
...My life savings are with JPMorgan. My financial adviser has been exiled like Napoleon on Elba. Is that the way you treat your clients? I’m small-fry but a lot of her clients are not small-fry.”...
...A report this year on diversity in the UK investment and savings industry found that only 20 per cent of human resources staff believed their companies were doing an adequate job of collecting such data,...
...Central banks including the US Federal Reserve and the Bank of England have signalled a willingness to tighten monetary policy faster than originally anticipated, but rises in interest rates are still likely...
...He moved on to call options in companies with volatile share prices, riding the price swings, writes Madison Derbyshire in New York....
...“The key for us is saving the assessor going on site,” said Ericson Chan, Zurich’s group chief information and digital officer....
...Pre-paid customers tend to have lower incomes, lack bank accounts and go to stores to purchase service with cash....
...Robinhood developed plans to offer a portion of the IPO to customers well before it selected banks to lead the process, says one person familiar with the decision....
...President Joe Biden in early March, also failed to drift into equity markets the way previous stimulus has, in part because the direct stimulus delivery was staggered, meaning it did not arrive in investor bank...
...The green bonds will be offered to retail investors through National Savings & Investments, the state-backed savings scheme, and will have 100 per cent government guarantees....
...“The health of the US consumer is really one of the most important anchors of sustained economic recovery,” said Madison Faller, global market strategist at JPMorgan Private Bank....
...According to a November survey by investment platform AJ Bell, one-quarter of those surveyed planned to shift their funds to another bank or building society....
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