DISCOVER FINANCE

Bank of America announced that starting January 5, its advisers at Private Bank, Merrill, and Merrill Edge will finally be able to recommend crypto ETPs to clients. Before this, advisers could only place orders if a client asked for it, and only wealthier clients had access to Bitcoin ETFs. Now, the bank is treating crypto the same way it treats other emerging assets, letting advisers talk openly about whether it makes sense in someone’s portfolio. This update reflects how qu

A recent Goldman Sachs study found that 40% of people earning more than half a million dollars a year were living paycheck to paycheck. In that same group of high-income earners, less than one-third of them were able to make consistent contributions to long-term financial goals like paying down debt or saving for retirement. Throughout history, there have been stories of people losing fortunes, but there have been very few, and they usually involve athletes or lottery winners

JPMorgan Chase appointed longtime executives Conor Hillery and Matthieu Wiltz as co-CEOs of EMEA, aiming to boost regional revenues 20% by 2030 while strengthening its investment banking leadership. Read more:

20 years ago, private equity was a small, unglamorous, and undesirable side of finance. Today, that narrative has completely changed as a result of changes in regulations, investor preferences, and the availability of cash, all of which have brought PE into the forefront of the media and the finance world, with firms like Blackstone and KKR being household names. The industry has grown by over 2000% since 2000. Because of this growth, PE firms have built a bad reputation amon