Cash sweeps

Advisor Upside

Wall Street’s Hush-Hush Cash Sweeps Take Center Stage

Photo by Ryan Brooklyn via Unsplash

High-profile lawsuits and SEC investigations over cash sweeps have taken the industry by storm.

2 min read

Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read
Photo by Djkeddie via CC BY-SA 4.0

Advisor Upside

Schwab Eyes Financial Advice as Cash Sweeps Dry Up

The online brokerage has long relied on bank revenues, like cash-sweep programs, but executives are now leaning into wealth management.

2 min read
Photo by Ajay Suresh via CC BY 2.0

Advisor Upside

Morgan Stanley Clients Earned .01% on Cash. Now, They’re Suing

A class-action lawsuit filed by a former Morgan Stanley customer revolves around cash sweeps that earn additional income on uninvested cash.

2 min read

June 2, 2025, New York, United States: A Wall Street road sign is seen in the Financial District in Manhattan, New York City. (Credit Image: © Jimin Kim/SOPA Images via ZUMA Press Wire) (Newscom TagID: zumaglobalsixteen137558.jpg) [Photo via Newscom]

Banking

Goldman Sachs Taps a New Generation of Leadership Ahead of Deals Boom

The toast of Wall Street has elevated a new generation of executives to run its investment banking and trading operations.

2 min read
Photo via Connor Lin / The Daily Upside

Artificial Intelligence

Mistral CEO Says the Company Wants an IPO

Mistral is among a clutch of privately held AI startups like OpenAI and Anthropic that have seen valuations soar.

1 min read
Photo by Kostas Dimopoulos via Pexels

Policy & Power

Is Trump Pivoting From a Trade War to an International Tax Fight?

The Trump 2.0 era may have officially begun this week, but the much-hyped tariff-fueled trade war has not. At least, not yet.

2 min read

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