FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Investors shouldn’t overlook currency risk when investing in global bonds (Charles Schwab) The strength of the US dollar has added another dimension to the global bond rout, currency risk…
BRUSSELS, June 22 (Reuters) – Greece took a step back from the abyss on Monday when it presented new reform proposals that euro zone finance ministers cautiously welcomed as a possible basis for an agreement in the coming days to avert a looming default.
* Too late for parliaments to back payout under bailout by June 30
Bond investors are bracing for the worst. The Federal Reserve has signalled that, barring some unexpected economic shock, interest rates will most likely rise this year. And that’s causing for unease for fixed income investors. Bonds lose value because as rates and yields rise, it weakens the value of bonds, and makes it harder to sell existing notes with lower yields…
There's a massive poaching raid going on at Lehman's old wealth management shop (BAC, SF, BARC, WFC, JPM, C)
When Lehman Brothers went belly-up in 2008, Barclays stepped in to acquire its wealth management business. Now Barclays is selling the business to Stifel Financial Corp. This sale is leading to a recruitment frenzy on Wall Street, according to sources. Business Insider spoke to Wall Street insiders for the latest take on the Lehman legacy, as well as some recent departures…
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