Western Asset's Leech Leaves CIO Role Amid SEC, DOJ Probes

Published on August 23, 2024

Regulators are looking into if some clients were favored over others in the allocation of gains and losses from derivatives trades.

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Powell Says ‘Time Has Come’ for Fed to Cut Interest Rates

August 23, 2024
Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.

Sanctuary welcomes $400M breakaway group from Merrill

August 23, 2024
Sanctuary Wealth has strengthened its advisory network in the eastern US as a four-person breakaway team makes a leap for independence.On Friday, Sanctuary announced the latest addition to its community of more than 120 partner firms by welcoming TOVA Wealth, a Wilmington, North Carolina-based advisory firm managing over $400 million in client assets, from Merrill.Led by founder and managing partn