Markets

• Treasury market liquidity is not great. (bloomberg.com)
• Rising rates are still working their way through the markets and economy. (allisonschrager.substack.com)

Crypto

• Bitcoin has been on a tear YTD. (allstarcharts.com)
• New York Community Bank is acquiring Signature Bank but not its crypto assets. (blockworks.co)
• The remaining crypto firms are undergoing a rebrand. (nytimes.com)

Big Tech

• Amazon ($AMZN) is laying off another 9,000 workers. (cnbc.com)
• When will weakness in the tech sector spill over into the broader economy? (wsj.com)
• Is generative AI the next big tech platform? (axios.com)

Finance

• AT1 investors are feeling the pain of the demise of Credit Suisse. (ft.com)
• Job number one in a financial crisis is to stop the contagion. (theatlantic.com)
• Regional banks still have a big problem: skittish depositors. (ft.com)
• Silicon Valley Bank was a big lender to California vineyards. (vinepair.com)

CFA

• The CFA Institute is overhauling its testing. (institutionalinvestor.com)
• ChatGPT-4 was unable to pass the old CFA level 3 exam. (ft.com)

Earlier on Abnormal Returns

• Adviser links: ventilation of your schedule. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on the site. (abnormalreturns.com)
• Why seemingly impossible things happen all the time. (abnormalreturns.com)
• Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)

Mixed media

• Why companies post for positions they don't plan to fill. (wsj.com)
• New doctors are avoiding jobs in the ER. (washingtonpost.com)
• It's hard to avoid the bracket industrial complex in March. (frontofficesports.com)

Podcasts

• Brendan Frazier talks with Deirdre Van Nest about communicating with clients in an emotionally-compelling way. (wiredplanning.com)
• Daniel Crosby talks with Emily Koochel about defining and seeking financial wellness. (standarddeviationspod.com)

Banks

• The combined UBS-CS will be a money management giant. (barrons.com)
• The FDIC is planning to sell SVB Private separately from the rest of the bank. (reuters.com)

Practice management

• Why scale in the RIA space is increasingly important. (citywire.com)
• Adviser technologies are becoming commoditized. What comes next? (kitces.com)
• RIAs are increasingly pushing back against SEC charges. (citywire.com)

Retirement

• Spending in retirement is a dynamic process. (blogs.cfainstitute.org)
• Retirees have a lot of locked up home equity. (investmentnews.com)
• As people get older, their estimate of Social Security benefits get more accurate. (papers.ssrn.com)

The biz

• Altruist is buying Shareholders Service Group, a brokerage and custodial services platform. (thinkadvisor.com)
• Lisa Shidler, "Farther is hoping the logic of creating a one-umbrella, one-brand RIA with a plethora of choice will draw good advisors and their clients' assets." (riabiz.com)

Advisers

• Santiago Burridge, "You can’t have a relationship with a portfolio or an algorithm." (advisorperspectives.com)
• A talk with James Traylor, president and co-founder of Rivent Partners, about how the firms works with families with disability issues. (investmentnews.com)
• What it's like to make a mid-career shift to financial planning. (marknewfield.substack.com)
• Advisers need to be able to help clients with cash management. (financial-planning.com)
• Adviser outreach should have a specific purpose. (advisorperspectives.com)
• A shocking number of people don't have a will or estate plan. (thinkadvisor.com)