GSY: Low Duration Doesn't Protect Against Credit Widening

Sequoia Financial Group, an Akron, Ohio-based wealth manager with $34.9 billion in assets under management, has acquired BSW Wealth Partners, a Colorado-based registered investment advisor with $2.3 billion in client assets. BSW was founded in 1992 by Debi Baydush, who was chief investment officer for 17 years before moving to an “of counsel” role. Baydush…

Newcomer acquisition has been “a meaningful strategy for many Canadian banks,” she said, especially in major urban markets.   She said fewer newcomers entering the system would leave banks competing harder for a smaller pool of new accounts.  According to Statistics Canada, the national population stood at an estimated 41,417,056 on April 1, 2026, a decline of 55,025…

“Investors frequently receive only a small fraction of the shares they request — if they receive any at all.”

Key insight: Under a revised open-banking proposal, banks are expected to be allowed to charge fees to fintechs and other third parties that want to access customer financial data. What’s at stake: The proposal has not been publicly released but could be issued any day now that it has been submitted to the White House’s…

Israeli Airstrikes in Gaza Kill Two, Including a Young Child, Medics Report Main Events and Developments Casualties and Immediate Impact By Nidal al-Mughrabi CAIRO, Aug 23 (Reuters) – Two Israeli airstrikes in the Gaza Strip on Sunday killed at least two people, including a 4-year-old boy, and wounded seven others, Palestinian health officials said. One…

Investors pumped £278 million into funds in July, but sold off billions of pounds of equities amid domestic political uncertainty and global volatility. While some investors were spooked, fund flows narrowly remained positive according to the latest data from the Investment Association, an industry body representing the UK’s investment managers. Although on balance investors were…