The Multibillion-Dollar Industry Getting Wealthy Kids Into the Ivies

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 16 October 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Oct. 16. The Journal’s Doug Belkin discusses why private equity is investing in college consulting services. And the U.S. Treasury Department’s proposals for modernizing anti-money laundering rules face backlash from the banking industry. Wall Street Journal reporter Dylan Tokar explains why. Plus, WSJ reporter Dave Michaels talks about how a new FTC rule might make it easier to dump recurring subscriptions. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	When Kate and Jervais founded Health and Her in 2019, they set out to transform Menopause care.
0:06.4	Through Barclay's Eagle Labs, they gained specialist industry and business expertise,
0:11.0	with support and training for the whole team.
0:13.0	But the story doesn't end here.
0:16.0	Because Health and Her are only just getting started,
0:19.0	selling at major UK retailers,
0:22.0	and making a real difference to thousands of lives.
0:25.0	Grow your business. Bank on Barclays.
0:28.0	Search Barclays business banking.
0:30.0	Morgan Stanley beats Wall Street's expectations, becoming the latest big bank to report a jump in profit.
0:40.0	And why banks say the U.S. Treasury Department's proposal to modernize anti-money laundering
0:44.8	rules might not work.
0:46.4	The banks and the banking industry groups that represent them have written to FinCEN and the
0:51.0	other regulators to say that their proposal is a big miss.
0:56.0	Plus, how the FTC is making it easier to cancel those pesky recurring subscriptions.
1:02.0	It's Wednesday, October 16th.
1:04.4	I'm Tracy Hunt for the Wall Street Journal.
1:06.6	This is the PM edition of What's News,
1:08.8	the top headlines and business stories that move the world today.
1:18.0	Let's begin with more bank earnings reports. Morgan Stanley today posted quarterly earnings that beat Wall Street expectations.
1:24.4	Profit rose 32% to more than $3 billion, and the Bank's Wealth Management Unit broke a four-year
1:30.8	streak of year-over-year declines.
	...

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