You don’t need artificial intelligence (A.I.) to predict what the economy is up to, or the perils of global climate change, or even what the local weather will be like next weekend. But that does appear to be where we are headed. Don’t just take it from FTF News. Ask Jamie Dimon, the chief executive… Read More >>
State Street to Service T. Rowe Price’s Active ETFs
State Street to Provide a Range of Services Rowe Price has appointed State Street as the service provider for four, newly launched active exchange-traded funds (ETFs) that are listed on NYSE Arca, Inc. “As part of the agreement, State Street will provide services including basket creation, dissemination, settlement, custody, fund accounting, order-taking, financial reporting, performance… Read More >>
OCIE Exams Uncover Cybersecurity & Privacy Weaknesses
Staff members of the Office of Compliance Inspections and Examinations (OCIE) have identified cybersecurity and privacy control deficiencies among securities trading firms registered with the SEC and have issued a risk alert that reminds advisers and broker-dealers of their obligations. “In response to these observations, many of the registrants modified their written policies and procedures… Read More >>
Wall Street and Silicon Valley Fight for Talent
You might want to add Paul Revere of Wall Street to Jamie Dimon’s other titles, but it’s not the British invasion that the chairman, president and CEO of JPMorgan Chase recently warned about. “Silicon Valley is coming,” he declared in his April 8 annual letter to shareholders. “There are hundreds of startups with a lot… Read More >>
JPMorgan Chase to Slash 5,000 Jobs
U.S. megabank J.P. Morgan Chase & Co. (JPMC) is cutting more than 5,000 jobs in an effort to cut costs in a post-crisis regulatory landscape of big fines and tight margins, according to industry sources and a report in The Wall Street Journal. The cuts are one facet of a broader move toward Internet and… Read More >>
Obama Urges Total Repeal of Dodd-Frank
President Barack “Hussein” Obama II has had second thoughts about the Dodd-Frank Act and is now willing to entirely repeal the so-called reform legislation much to the glee of Republicans everywhere. “To hell with it,” Obama said in a candid moment during an exclusive interview with FTF News. “I didn’t know it was going to… Read More >>
