A database containing more than 450,000 payment card details of Indian banks has been uploaded on to the darknet, Singapore-based cybersecurity company Group-IB has revealed. The entire database has 461,976 payment card records, of which 98% belong to large Indian banks, the firm said, and was uploaded on to card shop website Joker’s Stash, used […]
Archives for 2020
7 key takeaways for RIAs from Schwab’s annual business meeting
At the heart of Charles Schwab’s annual business update meeting was one word: competition. As the Department of Justice requests additional information from both Schwab and TD Ameritrade ahead of a pending acquisition over antitrust concerns, executives at San Francisco-based Schwab repeatedly played up competitive threats in the retail and RIA marketplaces during their presentation […]
Etiquette, risk and record volume: Lessons from the Warburg-Kestra deal
SAN DIEGO — With private equity deals rippling across wealth management, the largest firms are curious about the industry’s burgeoning source of capital. In a panel at FSI’s OneVoice conference, independent broker-dealer executives queried Kestra Financial CEO James Poer and Warburg Pincus Managing Director Jeffrey Stein about the recapitalization deal struck by the firms last […]
Weekend Reading for Financial Planners (Feb 8-9)
Executive Summary Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the industry news that TD Ameritrade’s RIA custody business is continuing with business as usual despite the looming Schwab merger, in what appears to be a combination of both a legal obligation to do so until […]
Billions Season 5 Trailer Hits!
[embedded content] It’s been an honor to serve as the show’s technical advisor for the second season. David, Brian and the whole writers room have cooked up some amazing plot lines and stories this time around. Sunday May 3rd can’t come soon enough!
Critical Citrix RCE Flaw Still Threatens 1,000s of Corporate LANs
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Agreement provides mobility for CPAs, South African accountants
U.S. CPAs and South African chartered accountants have a pathway to have their credentials recognized in South Africa and the United States under a new agreement. This cross-border recognition was enabled when the AICPA signed a mutual recognition agreement with the South African Institute of Chartered Accountants (SAICA) and the National Association of State Boards […]
Case studies in forensic accounting – Accounting Today
In forensic accounting, accountants and lawyers may be close partners; and in fact, attorneys are often the reason accountants enter the field of forensic accounting to begin with. All three accountants featured in these case studies found their way into the field through an attorney who needed help with a particular case. The rest, as […]
Stocks making the biggest moves in the premarket: Uber, Canada Goose, Hanesbrands & more
Canada Goose (GOOS) – The outerwear maker reported better-than-expected profit and revenue for its fiscal third quarter, but also said the coronavirus outbreak is having a “material negative impact” during the current quarter. The company did add that no supply chain interruptions have occurred as a result of the virus. Hanesbrands (HBI) – The underwear […]
Activist Paul Singer builds close to $3 billion stake in SoftBank
By Scott Deveau and Sarah McBride Legendary activist investor Paul Singer is taking on one of his most high-profile targets yet: Masayoshi Son. Singer’s Elliott Management Corp. has built a stake of close to $3 billion in SoftBank Group Corp., according to people familiar with the matter. The New York-based hedge fund believes SoftBank is […]