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Goldman to pay $215 million to settle case on underpaying women
NEWS REGULATION AND LEGISLATION MAY 09, 2023
Goldman to pay $215 million to settle case on underpaying women

The trial, which had been scheduled for next month in New York, would have provided a rare public forum for testimony about inequality inside the financial industry.

More ESG ETFs close as issuers lose patience
INVESTING ESG MAY 09, 2023
More ESG ETFs close as issuers lose patience

Just 58 sustainable exchange-traded funds launched globally in the first quarter, down from 101 that were introduced during the same period last year.

Schwab starts hedging interest-rate risk with derivatives  
NEWS INDUSTRY NEWS MAY 09, 2023
Schwab starts hedging interest-rate risk with derivatives  

The derivatives were valued at $3.9 billion as of March 31, the Westlake, Texas-based company said in a regulatory filing.

Credit markets keeping eye on debt ceiling negotiations
NEWS REGULATION AND LEGISLATION MAY 08, 2023
Credit markets keeping eye on debt ceiling negotiations

President Joe Biden has invited congressional leaders for a May 9 meeting after Treasury Secretary Janet Yellen suggested the US might exhaust its options to fund itself as early as June 1.

Many Americans worrying their money in the bank isn't safe
NEWS INDUSTRY NEWS MAY 05, 2023
Many Americans worrying their money in the bank isn't safe

48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.

Fed signals possible pause after latest quarter-point hike
NEWS REGULATION AND LEGISLATION MAY 03, 2023
Fed signals possible pause after latest quarter-point hike

The Fed raised interest rates by a quarter percentage point Wednesday, but the FOMC statement no longer included a line about anticipating 'additional policy firming.'

Morgan Stanley in discussions with prosecutors, regulators to resolve block-trading probes
NEWS WIREHOUSES MAY 03, 2023
Morgan Stanley in discussions with prosecutors, regulators to resolve block-trading probes

The firm disclosed the investigations last year, and said it faces potential civil liability from allegations that it caused stock prices to drop before completing a block trade.

Goldman Sachs expands to Dallas, joining Wall Street's latest move west
YOUR PRACTICE PRACTICE MANAGEMENT MAY 03, 2023
Goldman Sachs expands to Dallas, joining Wall Street's latest move west

The number of finance and insurance jobs in Dallas has surged 33% in the past decade, more than double the national average.

Supreme Court to review UBS whistleblower's complaint
NEWS REGULATION AND LEGISLATION MAY 02, 2023
Supreme Court to review UBS whistleblower's complaint

Trevor Murray is seeking to reinstate a $900,000 jury verdict he won on allegations that he was fired for refusing to skew his reports to help the firm’s business strategies.

Gensler blasts hedge fund fees as SEC readies rules
NEWS REGULATION AND LEGISLATION MAY 02, 2023
Gensler blasts hedge fund fees as SEC readies rules

The Securities and Exchange Commission plows ahead with plans to boost oversight of the private fund industry.