CEO Jane Fraser cites the bank's push to expand its wealth management offerings around the globe, but says Citi will structure compensation so the bank's shareholders will have more power than the wealth managers.
Public Company Accounting Oversight Board Chairman William Duhnke will be replaced on an acting basis by board member Duane DesParte, but the SEC says it is looking for candidates to fill all five PCAOB board positions.
Older Black workers without a college degree are more likely to be forced to exit the labor market prematurely, a study shows.
The rally initially collapsed Thursday after the company disclosed plans to sell more shares so it could cut its heavy debts.
Europe’s new Sustainable Finance Disclosure Regulation requires the industry to label how green an investment product is so that end investors know what they’re buying. But the requirements have yet to be finalized, leaving plenty of room for questions.
Kathy Matsui, formerly of Goldman Sachs, starts female-run venture fund to support health care, fintech and other young firms.
The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.
The robo-adviser raised $125 million in a February funding round, for a $1.4 billion valuation.
IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.
Engine No. 1 win over oil giant's management team suggests climate change and sustainable investing are now mainstream.
