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Consumer Delinquencies Rise, Alphabet and Spotify Earnings, the Wolf Is at the Door for AUM Fees

The Compound and Friends

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Cash Sweeps and Financial Industry Discussions

The chapter explores the importance of cash sweeps to Wall Street broker dealers and banks, shedding light on how brokerages utilize uninvested client assets to generate revenue. It also touches upon the shift towards high yield savings accounts and legal actions against firms for breach of fiduciary duty in cash sweeps.

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