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Goldman secrecy on harassment claims faces challenge
NEWS REGULATION AND LEGISLATION APR 08, 2021
Goldman secrecy on harassment claims faces challenge

Goldman faces a vote at its annual meeting later this month on whether it should publish a report on how its mandatory-arbitration policy impacts employees and workplace culture.

Bond vigilante calls out credit investors on climate
INVESTING ESG APR 07, 2021
Bond vigilante calls out credit investors on climate

Ulf Erlandsson spends his time pushing fixed-income investors and bankers to face up to the risks posed by climate change and their role in underwriting a warmer planet.

Morgan Stanley exited part of Archegos holdings before most rivals
NEWS WIREHOUSES APR 07, 2021
Morgan Stanley exited part of Archegos holdings before most rivals

The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.

Grayscale ‘committed’ to making biggest crypto fund an ETF
INVESTING ETFS APR 06, 2021
Grayscale ‘committed’ to making biggest crypto fund an ETF

The company says it will convert its $39 billion Grayscale Bitcoin Trust into an exchange-traded fund as soon as U.S. regulators allow.

BlackRock plans racial audit, in break with Wall Street peers
YOUR PRACTICE PRACTICE MANAGEMENT APR 06, 2021
BlackRock plans racial audit, in break with Wall Street peers

The asset manager will undergo a third-party audit of its operations following a request from a shareholder.

Archegos shows need to monitor family offices: Regulator
NEWS REGULATION AND LEGISLATION APR 02, 2021
Archegos shows need to monitor family offices: Regulator

Dan Berkovitz, a Democratic commissioner on the Commodity Futures Trading Commission, blasted his own agency for taking too light a touch with the investment funds.

Foes of SALT cap threaten Biden tax plan
RETIREMENT TAX APR 01, 2021
Foes of SALT cap threaten Biden tax plan

Three House Democrats say they won't support the tax hikes needed to support the administration's infrastructure proposal unless the plan repeals the cap on state and local tax deductions.

Biden aims to roll back corporate tax cuts
RETIREMENT TAX MAR 31, 2021
Biden aims to roll back corporate tax cuts

The president's infrastructure plan would reverse a large part of Trump's tax cut, which proved to be a huge boon for the stock market.

Vanguard, BlackRock join investors pledging to hit net zero
INVESTING ESG MAR 31, 2021
Vanguard, BlackRock join investors pledging to hit net zero

The two asset management giants were among 43 firms with more than $22.8 trillion of assets that signed onto the Net Zero Asset Managers initiative.

Goldman close to offering Bitcoin to wealth management clients
INVESTING ALTERNATIVES MAR 31, 2021
Goldman close to offering Bitcoin to wealth management clients

The firm plans to begin rolling out digital assets to clients in the second quarter.