Finra Panel Orders Ex-First Republic Advisor To Repay $11.5M In Recruiting Loans

Published on August 29, 2024

A former First Republic broker in Miami has been ordered to repay nearly $12 million in outstanding loans he was given as part of a bonus agreement when he was hired by the bank, which was acquired by JPMorgan after it collapsed in May 2023, according to a ruing yesterday by a Financial Industry Regulatory Authority panel.

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Treasury yields rise on resilient signals pointing to measured Fed cuts

August 29, 2024
US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.Yields were some 3 basis points higher across maturities after the second quarter US GDP growth rate was unexpectedly revised higher and weekly initial jobless pointed to a steady employment sector. An inflation gauge in the GDP report a

Unemployment Claims Down 2K, Better Than Expected

August 29, 2024
In the week ending August 24th, initial jobless claims were at a seasonally adjusted level of 231,000. This represents a decrease of 2,000 from the previous week's figure and is better than the 232,000 economists were expecting.