 | | | | Investors pulled a massive $25.8 billion out of U.S. equity funds in the week to Wednesday, the third biggest outflow ever from the asset class, BofA's weekly fund flow report showed on Friday. | | | | | | Top asset managers Vanguard Group Inc and BlackRock Inc on Thursday introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid. | | | | | | Greenlight Financial Technology Inc, whose products include an app for parents to help teach financial responsibility to kids, said on Thursday it raised $215 million in its latest funding round, valuing the company at $1.2 billion. | | | | | | British fund managers' assets under management rebounded by the end of June towards record highs above 8 trillion pounds seen before the COVID-19 pandemic, estimates from the sector's trade body show. | | | | | | Citigroup Inc's institutional clients group (ICG) unit named Kira Cordoba-Brown as the head of talent & diversity on Tuesday. | | | | | | The Members Exchange (MEMX), a new U.S. stock exchange backed by some of the biggest customers of the New York Stock Exchange and Nasdaq Inc, launched on Monday with pricing aimed at taking market share from the incumbents. | | | | | | Citigroup Inc said on Wednesday it would set aside more than $1 billion to support initiatives that help close the racial wealth gap and increase economic mobility for people of color. | | | | | | UBS Chief Executive Sergio Ermotti joined other banking executives on Tuesday in declaring consolidation of the European sector "inevitable", declining comment on whether Switzerland's biggest bank plans to participate. | | | | | | Top accounting firms and the World Economic Forum were scheduled to release on Tuesday key metrics for companies to use when reporting on their environmental, social and governance impacts. | | | | | | In the wake of the COVID-19 outbreak, as businesses across the country urged employees to work from home, rents plunged in New York City, San Francisco and other densely-populated cities. | | | | | |
