BlackRock in Midst of Legal Defense in Suit Filed by Tennessee
BlackRock mounting robust defense against lawsuit filed by Tennessee Attorney General, who accuses the investment firm of making deceptive statements.
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Citigroup to Shut Global Distressed-Debt Business - CNBC
U.S. lender Citigroup closing global distressed-debt business as part of CEO Jane Fraser's overhaul CNBC reported citing people with direct knowledge.
Vanguard Announces Senior Leadership Change
Vanguard today announced the retirement of Tom Rampulla, managing director and head of Vanguard’s Financial Advisor Services (FAS) division.
Say Goodbye to That Bonus: Workers are Set to Take Home Less as Companies Tighten Their Belts
Many workers will be saying goodbye to their year-end bonuses this year in another sign of shifting power dynamics between employers and employees.
Nikola Founder Trevor Milton Gets 4 Years in Prison for Fraud
Former Nikola CEO Trevor Milton was sentenced to 4 years in federal prison on Monday, a ruling that came 14 months after he was convicted by a jury.
Unrealized Bond Losses Narrow for BofA, CEO Moynihan Expresses Optimism
Dynamic landscape of wealth management/investment BofA has seen significant shift in financial position, primarily due to recent bond market rally.
Citigroup Gives Hybrid Workforce Option to Work Rest of Year Remotely
Citigroup has recently informed the majority of its employees, who are part of bank's hybrid workforce, that they have the option to work remotely.
