Wells Fargo creates new unit focused on regulatory compliance
Wells Fargo is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters.
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Morgan Stanley Paris Bonus Case May Change Banker Pay in Europe
It’s a case that will go all the way to France’s Supreme Court whoever wins and is set to become an important precedent for...
Lisa Dolly steps down as BNY Mellon's Pershing CEO
BNY Mellon has appointed James T. Crowley as Chief Executive Officer of BNY Mellon's Pershing, effective July 1, 2019. Mr. Crowley...
Fidelity Launches Fund Targeting Firms With Women in Leadership
Fidelity Investments has started a mutual fund that invests in companies with a high percentage of women in leadership positions.
BlackRock Strategist Says Yield Curve Is Losing Predictive Power
An inverted yield curve has lost its ability to predict a recession in the current environment of low-interest rates ...
Vanguard Fund Investors Get Control of Paying Taxes
Last week’s big story about Vanguard Group’s patented tax dodge raised some interesting legal and tax issues.
Millionaires Tell UBS They're Bullish on Stocks
A majority of wealthy American investors are optimistic about U.S. stocks but are still sitting on piles of cash, according to a UBS Group AG survey.
