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ESG debt pile barreling toward $5 trillion 
INVESTING ESG JAN 27, 2023
ESG debt pile barreling toward $5 trillion 

The Institute of International Finance forecasts a rebound in environmental, social bond issuance.

Morgan Stanley fines bankers over $1 million each for using unapproved messaging platforms
YOUR PRACTICE FINTECH JAN 26, 2023
Morgan Stanley fines bankers over $1 million each for using unapproved messaging platforms

The firm is the latest bank to require individual staff to bear some of the burden of an unprecedented regulatory investigation.

Popular 401(k) funds off to strong start in 2023
RETIREMENT RETIREMENT PLANNING JAN 25, 2023
Popular 401(k) funds off to strong start in 2023

After tanking in 2022, some of the biggest actively managed funds in 401(k)s are outperforming thanks to a comeback in tech stocks.

SEC proposes new conflicts-of-interest rule aimed at certain securitizations
NEWS INDUSTRY NEWS JAN 25, 2023
SEC proposes new conflicts-of-interest rule aimed at certain securitizations

SEC Chair Gary Gensler called the measure an 'unfinished step in Congress’s vision for financial reform' following the 2008 financial crisis.

Bank of America grants employees shares
YOUR PRACTICE PRACTICE MANAGEMENT JAN 25, 2023
Bank of America grants employees shares

Staffers earning up to $500,000 a year will share in a pool of restricted stock, according to a memo from CEO Brian Moynihan.

Crypto lender Nexo pays $45 million in fines to SEC, states
INVESTING ALTERNATIVES JAN 19, 2023
Crypto lender Nexo pays $45 million in fines to SEC, states

The SEC said Nexo's Earn Interest Product amounted to a security that should have been registered with the agency.

Treasury taps retirement funds to avoid breaching debt limit
NEWS REGULATION AND LEGISLATION JAN 19, 2023
Treasury taps retirement funds to avoid breaching debt limit

Treasury Secretary Janet Yellen had previously estimated that such steps would likely keep the government running at least until early June.

Citi summons unproductive remote workers to office for coaching
YOUR PRACTICE PRACTICE MANAGEMENT JAN 18, 2023
Citi summons unproductive remote workers to office for coaching

Most Citigroup staffers are supposed to be in the office three days a week, but if their productivity dips, they can expect to spend more time there.

BNY Mellon to cut about 3% of staff
INVESTING ALTERNATIVES JAN 13, 2023
BNY Mellon to cut about 3% of staff

The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.

JPMorgan accuses defector to Morgan Stanley of poaching clients
NEWS WIREHOUSES JAN 12, 2023
JPMorgan accuses defector to Morgan Stanley of poaching clients

Joseph Michael, who had worked at a JPMorgan bank branch in Michigan, has already persuaded about 32 clients to begin transferring their accounts, according to a complaint filed in court.