Lead Editor: Sean McMahon

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SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

Q1 GDP contracts 0.7%


  • CBS MoneyWatch

The U.S. economy contracted an annualized 0.7% in the first quarter, according to the Commerce Department, which had estimated 0.2% growth. Reasons for the decline include a bigger trade gap, slower c… Read More

More residents of big cities are renters, study says


  • CBS MoneyWatch
  • CNBC

The number of renters increased in the 11 largest U.S. cities from 2006 to 2013, and rent growth outstripped inflation in most of them, finds a study by New York University and Capital One. Renters re… Read More

Basel Committee thought to be considering new FRTB study


  • (subscription required)

The Basel Committee on Banking Supervision is thought to be considering conducting a further quantitative-impact study before it finalizes Fundamental Review of the Trading Book rules. "It is a possib… Read More

Editorial: Time for a common standard for retirement advisers


  • Los Angeles Times (tiered subscription model)

More than $7 trillion is invested in individual retirement accounts, and it's time for the Department of Labor to adopt a common fiduciary standard that applies to all those providing advice on such a… Read More

Companies face $3.8M average cost for data breaches


  • Reuters

The average cost of a corporate data breach is $3.8 million, up from $3.5 million last year, a Ponemon Institute study has found. Costs include investigating, hiring experts, setting up customer hotli… Read More