Accounting Firm EY Considers Split of Audit, Advisory Businesses

Big Four accounting firm Ernst & Young is considering a world-wide split of its audit and advisory businesses, amid regulatory scrutiny of potential conflicts of interest in the profession, according to people familiar with the matter. A split would be the biggest structural change at a Big Four firm since Arthur Andersen fell apart some … Read more

Rising Rates Are Battering Mortgage Lenders

Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise. While home prices continue to rise and Americans are still buying houses, the drop-off in refinancing activity is a giant blow because refinancings made up the bulk of US mortgage … Read more

Fannie Mae chief economist says the US housing market has finally turned a corner and temporary child tax credits contributed to Americans’ financial security in 2021

Hi, MarketWatchers. Don’t miss these top stories. The good news: Americans’ financial security soared last year. The bad news: That may be due to this lucrative, but temporary tax break The share of Americans who said they were able to cover $ 400 in emergency expenses, using cash or its equivalents, reached a 9-year-high. Read … Read more

Financial News celebrates the top 100 women in finance

Financial News is proud to be a champion of diversity in the City. Last year, we ran our 15th consecutive annual profile of the 100 most influential women in European finance. The FN100 Women in Finance 2021 list came at a time of change for the City, as business attempted to find their post-pandemic normal. … Read more

‘I partially support my partner of 12 years as his business is, sadly, failing’: I’m 33, and have $ 300,000 in company stock. Should I sell those shares to pay off my debt of $ 56,000?

I am 33 years old, I currently make just over $ 120,000 a year, including an annual bonus, and my company has gifted me with around $ 300,000 in equity in the firm, although our stock is brand new, so it is constantly swinging up and down . I put around 6% towards a 401 … Read more

Grayscale launches ETFs in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood

Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will be listed on the London Stock Exchange, Borsa Italiana, and Deutsche Börse Xetra. The fund will be based on the Bloomberg Grayscale Future of Finance Index which tracks companies that represent the “future of finance”. These include stocks such as … Read more

Financial Advisor Glossary: ​​Terms You Should Know When Shopping for an Advisor

CFA. Fiduciary. RIA. These terms aren’t exactly self-explanatory. But when it comes to finding a financial advisor, you’ll be better equipped if you’re familiar with the industry’s lingo and what’s behind a slew of acronyms. So we’ve assembled a handy glossary of fundamental financial advisor terminology and definitions that will help make you fluent in … Read more

Buy Citizens Financial Stock. Its Shares Could Gain 29%.

Bigger is better in banking — and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s almost impossible for a bank to succeed without the scale to provide more than just loans and accounts to their clients. They … Read more

AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company’s plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.09% shares climbed as much as 46% to an … Read more

Wall Street on Sale: Goldman Sachs Stock Now Just Above Book Value

Text size Goldman Sachs Group headquarters in New York City. Michael Nagle / Bloomberg Wall Street is on sale along with much of the stock market, as industry leader Goldman Sachs Group is trading close to book value for the first time in two years. Smaller securities firms like Jefferies Financial Group (ticker: JEF) and … Read more