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New CIO For Northern Trust's Family Office Unit
Northern Trust Wealth Management on Monday named Beata Kirr as CIO of its global family office group, the firm’s platform serving family offices and high net worth clients.
Oil Prices May Spike Again As 'Something is Off' With the Current Math, JPMorgan Says
Nine weeks into the Iran war, the global economy continues to lose record volumes of oil supply — yet prices have remained relatively contained and well below all-time highs.
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2024 Data Breach to Cost Fidelity $1.25M
Fidelity Investments has agreed to pay $1.25 million to resolve allegations brought by William Galvin following a 2024 data breach that exposed sensitive personal information tied to tens of thousands of individuals. The settlement underscores persistent cybersecurity vulnerabilities across wealth management platforms and the regulatory scrutiny facing firms that fail to adequately safeguard client data.
Analyst Alleges Wrongful Termination by FINRA Due to Emergency Medical Leave
A former analyst at the Financial Industry Regulatory Authority has filed suit against the regulator, alleging wrongful termination tied to his use of protected medical leave in 2025. The case raises potential compliance and employment practice considerations for firms navigating leave policies and performance management.
AI Optimism Raises Positive Implications for RIAs and Wealth Advisors
A renewed wave of optimism around artificial intelligence is reshaping equity market leadership, with meaningful implications for portfolio positioning among RIAs and wealth advisors. The sharp rally in semiconductor stocks has reaccelerated the AI investment theme, coinciding with the S&P 500 and Nasdaq Composite reaching fresh record highs.
Warsh Confirmation Set to Advance as GOP Holdout Backs Vote
Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve, saying the Justice Department’s decision to end a criminal probe targeting Fed Chair Jerome Powell removed a threat to the central bank’s independence.