Finance

Finance

Asset Management Giant Vanguard Carves Out New Wealth Management Division

Photo via Connor Lin / The Daily Upside

The move marks the biggest restructuring at the world’s second-largest money manager in more than ten years.

2 min read

Photo by Web Summit via CC BY 2.0

Finance

Abu Dhabi’s Mubadala Capital Takes Big Step Into US Credit Market

Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.

2 min read
Photo by Tareq Ismail via Unsplash

Banking

Wells Fargo’s Costly Asset Cap Likely to Be Lifted in 2025

America’s fourth largest bank has been barred by US regulators from adding assets to its balance sheet since 2018.

1 min read
Photo by Markus Spiske via Unsplash

Energy

After Near Decade of Talks, a Global Carbon Credit Trading Deal at COP29

Countries at the United Nations COP29 climate summit struck a deal on the basic rules to launch an international carbon trading market.

2 min read

Hedge Funds

Archegos’ Hwang Sentenced to 18 Years For Gargantuan Fraud That Walloped Wall Street

Photo via Connor Lin / The Daily Upside

Hwang’s sentencing bookends a dramatic saga that began with the shock implosion of his firm that cost Wall Street billions.

2 min read

Advisor Upside

Why Nvidia in the Dow Is Bad News for Dividend Investors

Photo via Nvidia Media Assets

The index investors consider as a basket of blue chip stocks has taken a hard turn toward growth, and away from mature dividend stocks.

2 min read

Advisor Upside

Do Elections Matter to Markets?

Photo by Greg Thames via Pexels

Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.

2 min read

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