The brokerage joins other large financial firms in boosting salaries after more than a year of working through the pandemic. The pay raise, affecting most of Schwab’s 32,500 employees, will take effect in late September.
The online brokerage said that a significant portion of its second-quarter revenue was fueled by virtual currencies, primarily Dogecoin, and predicted it would see lower revenue during the third quarter.
In recent days, the lender began informing customers who have been using their personal credit lines that the financing channels will remain available.
Smallcase, a Bangalore-based startup, improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds from in-house licensed professionals.
Morgan Stanley just informed its staff that they will soon have to provide proof of having been vaccinated against Covid to enter its buildings.
The company plans to close its two midtown Manhattan offices, and its New York-based staff will work remotely or from buildings in New Jersey and Connecticut.
Man Group CIO of ESG funds says these investments have too short and bumpy a history to just back-test.
Digital asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.
After stealing $610 million from a DeFi protocol that lets users swap crypto tokens, the online thieves pledged to give back the money. So far, they've returned about $258 million.
Voya has recently looked at purchasing benefits administrator Alight, according to people with knowledge of the matter, but it isn't clear whether the companies are in active talks.
