(Reuters) -U.S. custodian bank State Street Corp is exploring options for its asset management business, including a merger with a competitor, as it seeks to gain scale, Bloomberg News reported on Friday, citing people familiar with the matter.
The U.S. Department of Labor on Friday finalized a rule requiring pension funds to vote on shareholder proposals only when there is an economic reason, a change that would curb investors from casting their ballots on many corporate proxies.
BofA said on Friday that its wealth management clients further increased allocation to equities in their portfolios last week, closing in on the record levels seen in March 2015, as they prepare for stronger returns in 2021.
Morgan Stanley said on Friday that it expects the FTSE 250 index to drop 6% to 10% if Britain fails to agree a trade deal with the European Union before the end of a transition period.
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus.
Biopharmaceutical company Alkermes responded to pressure from activist investment firm Elliott Management on Thursday with a broad plan designed to boost returns.
Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday.
RiverFront Investment Group's Kevin Nicholson plans to keep an eye on the Federal Reserve next week, which is expected to tweak its bond-buying program to ensure long-term interest rates remain low. Nicholson also told Reuters Business Correspondent Conway G. Gittens that investors will be watching for any sign on movement in D.C. stimulus talks.
Tech IPOs are all the rage again, but the companies making market debuts this year are different from the ones which took part in the 1999 dot-com bubble, Art Hogan of National Securities told Reuters Business Correspondent Conway G. Gittens. For one thing, companies like Airbnb have long proven themselves as private companies before going public.
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