Fortis’ News of the Week:
- As AI and climate changes grow, a recent survey shows 45% of CEOs fear their companies may not survive the next decade.
- Pawan Passi, former head of block trading at Morgan Stanley, enters plea of not guilty to securities fraud.
- LA judge orders Beverly Hills home renovations to a hault until the city builds more affordable housing options.
- Warnings of “Generational Shift” in real estate as CEO of Cantor Fitzgerald predicts up to $1 trillion in loan defaults.
- While Registered Invetment Advisors (RIA) see a 10.6% year over year increase, overall wealth mangement advisor headcount grows only 0.3%.
