Page 2 - Client Money News Today

(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Bil...

Authorities say that, rather than take his share of the settlement money and pay out the rest, Leach drained the accounts for flights, hotels and meals.

On 22 May 2023, the FCA published a consultation paper (CP23/12) on the second phase of expanding the Dormant Assets Scheme. The Dormant Assets Scheme was initially set up to allow...

Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.

ICAEW’s Clients' Money Regulations apply to all offices of firms in the UK and Ireland. Every principal will be responsible for any breach.

Ex-Broker Network boss Andy Fairchild has teamed up with global IT services and business consulting firm CGI as a brand ambassador, Insurance Age can reveal.

The Financial Conduct Authority has listed broker failings as it reiterated expectations and requirements for wind-down planning.

Lloyds Bank is to expand the number of options on the table for brokers just months after the furore over its move to close undesignated client accounts,

The Financial Conduct Authority has written to brokers warning there are significant risks of potential harm that both the market and individual firms need to

Sheldon Mills, executive director – consumers and competition at the Financial Conduct Authority, has stressed to brokers that the watchdog does not want to be