Democratic presidential candidate Elizabeth Warren proposed a universal child care plan that would limit American families’ expenses to 7 percent of income regardless of how many children they have in care — paid for by a tax on the ultra-wealthy.
Bill Lane, who migrated to Wells Fargo Advisors with three partners following the demise of Credit Suisse Securities, left their Radnor, Pennsylvania branch on Thursday to start a “multi-family office” with a small RIA.
The departure of the two advisors follows the exit of a $730-million asset team in Ohio earlier this week from from the Swiss bank’s U.S. brokerage operation.
Even for this Gilded Age of 0.0001 percenters, Kenneth Griffin drips money. The hedge-fund mogul recently closed on a New York penthouse for an eye-watering $240 million. Before that he picked up a $122 million London mansion. He can hang his $200 million Pollock in one and his $300 million de Kooning in the other.
Giant technology companies are moving inexorably into the finance business and could quickly upend the banking industry, according to the financial industry’s global watchdog.
Prosecutors sought longer sentence for broker who excessively traded in commission accounts, but in separate case this week a former UBS broker in Michigan got nine years for embezzlement.