(Reuters) - Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.
WASHINGTON/NEW YORK (Reuters) - Bank of America Corp's Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
NEW YORK (Reuters) - State Street Global Advisors said on Tuesday that it had launched an exchange-traded fund (ETF) that will track the recently refreshed communication services sector, which includes telecom and social media firms such as Facebook Inc and Verizon Communications Inc.
BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses.
LONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week of inflows, Bank of America Merrill Lynch said on Friday.
NEW YORK (Reuters) - The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation.
(Reuters) - Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony bank accounts.