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BlackRock, Wells Fargo delay return to office on Covid concerns
YOUR PRACTICE PRACTICE MANAGEMENT AUG 05, 2021
BlackRock, Wells Fargo delay return to office on Covid concerns

The shifts signal that the financial services industry is rethinking its return-to-office plans as the highly contagious delta variant sweeps across the country.

Vanguard offers workers $1,000 to get vaccinated by October
YOUR PRACTICE PRACTICE MANAGEMENT AUG 04, 2021
Vanguard offers workers $1,000 to get vaccinated by October

The asset manager will make payments to all workers who can prove they've gotten a Covid-19 vaccine, even if they were inoculated before the company extended the offer.

Square to buy Afterpay for $29 billion
YOUR PRACTICE FINTECH AUG 02, 2021
Square to buy Afterpay for $29 billion

The digital payments platform says the acquisition of the Australian buy now, pay later company will allow it to capitalize on the shift away from traditional credit, especially among younger consumers.

Deutsche sees slew of departures in US wealth unit
YOUR PRACTICE PRACTICE MANAGEMENT JUL 30, 2021
Deutsche sees slew of departures in US wealth unit

At least 10 senior bankers and numerous junior employees across the world’s largest wealth management market have left, according to people familiar with the matter.

SEC blocks Chinese IPO filings until risks are better disclosed
NEWS REGULATION AND LEGISLATION JUL 30, 2021
SEC blocks Chinese IPO filings until risks are better disclosed

Gensler says he's asked agency staff to seek additional disclosures from Chinese firms before signing off on their registration statements to sell shares.

T. Rowe President Sharps to succeed Stromberg as CEO
YOUR PRACTICE PRACTICE MANAGEMENT JUL 29, 2021
T. Rowe President Sharps to succeed Stromberg as CEO

Chief Executive Bill Stromberg is retiring after 35 years at the Baltimore-based asset management company.

Pension funds talk green but hold billions in polluter stocks
RETIREMENT RETIREMENT PLANNING JUL 28, 2021
Pension funds talk green but hold billions in polluter stocks

The 10 largest public pension funds devote about 9% of their combined equity holdings to 20 high-carbon emitting companies, according to Bloomberg Intelligence.

Gensler says SEC will propose climate risk rules by year-end
INVESTING ESG JUL 28, 2021
Gensler says SEC will propose climate risk rules by year-end

The SEC chairman signals that the disclosures about the risks corporations face from climate change may appear in the mandatory filings public companies make to the agency.

European ESG benchmarks make greenwashing harder
INVESTING ESG JUL 27, 2021
European ESG benchmarks make greenwashing harder

While only about $1.2 billion is now tied to gauges that meet the European Commission requirements, inflows have more than doubled since January, according to the European Securities and Markets Authority.

Aon, Willis cancel $30 billion deal amid DOJ impasse
RETIREMENT RETIREMENT PLANNING JUL 26, 2021
Aon, Willis cancel $30 billion deal amid DOJ impasse

The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.