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Vanguard makes history with first $1 trillion equity fund
INVESTING MUTUAL FUNDS DEC 16, 2020
Vanguard makes history with first $1 trillion equity fund

Vanguard Total Stock Market Index Fund includes both a mutual fund and an ETF

Ameriprise, CI eyeing Wells Fargo asset management unit
NEWS WIREHOUSES DEC 15, 2020
Ameriprise, CI eyeing Wells Fargo asset management unit

Offers are due later this month for the division, which reportedly could fetch more than $3 billion

A stock trader's guide to the global COVID-19 vaccine rollout
NEWS INDUSTRY NEWS DEC 14, 2020
A stock trader's guide to the global COVID-19 vaccine rollout

With multiple vaccine types, the distribution chains involve hundreds of businesses and thousands of employees around the world

State Street looking at options for asset management unit
NEWS INDUSTRY NEWS DEC 11, 2020
State Street looking at options for asset management unit

The company has evaluated potential combinations with the asset management operations of rivals

SEC enforcement chief Stephanie Avakian leaving
NEWS REGULATION AND LEGISLATION DEC 10, 2020
SEC enforcement chief Stephanie Avakian leaving

Marc Berger, the enforcement unit's deputy director, will serve as acting chief, the agency says

JPMorgan enters green ETF arena with carbon fund
INVESTING ESG DEC 10, 2020
JPMorgan enters green ETF arena with carbon fund

The passive fund tracks a gauge that screens the Russell 1000 Index for companies trying to reduce their carbon footprint

New York pension fund pledges net-zero emissions by 2040
INVESTING ESG DEC 09, 2020
New York pension fund pledges net-zero emissions by 2040

The fund also said it may divest from the riskiest oil and gas companies by 2025

Ray Dalio sees ‘flood of money’ with soaring asset prices
NEWS INDUSTRY NEWS DEC 09, 2020
Ray Dalio sees ‘flood of money’ with soaring asset prices

In Reddit Q&A, Dalio recommends 'smart diversification' among asset classes, currencies and countries

Dimon asks bankers for M&A ideas
NEWS INDUSTRY NEWS DEC 09, 2020
Dimon asks bankers for M&A ideas

JPMorgan CEO suggests he would consider acquisitions related to software, fintech or 'something overseas'

Fidelity had 'locker room' culture, suit says
NEWS INDUSTRY NEWS DEC 09, 2020
Fidelity had 'locker room' culture, suit says

A former employee says male colleagues made offensive colleagues about her pregnancy, rape, women's bodies and slavery