State Street and Galaxy launch SWEEP, a tokenized fund giving institutions 24/7 stablecoin yield and onchain cash management ...

Investors are weighing whether to keep idle brokerage cash in sweep programs yielding around 3% or move it to high-yield savings accounts offering up to 5% APY. While sweeps provide automatic ...

Sweep accounts automatically steer cash into bank or brokerage money market accounts that can earn ample interest at the ...

You might not think about the idle cash in your brokerage account very often. But behind the scenes, your money may be earning your brokerage company a lot more interest than it is earning you. Cash ...

Two weeks after it was sued for a program in which it makes money on parked client cash, LPL has been sued again by another client for the same reason. These accounts, known as cash sweeps, have ...

After nearly two years of escalating lawsuits accusing broker-dealers and asset managers of shortchanging clients on cash sweep interest, the legal momentum may be shifting back toward the firms. Over ...

Wells Fargo faces another potential class action lawsuit in the growing controversy embroiling the bank’s cash sweep deposit programs. Scotch Plains, N.J.-based Daniel Varady filed his suit seeking a ...

State Street Investment Management and Galaxy Asset Management have launched the State Street Galaxy Onchain Liquidity Sweep ...