Bloomberg

Bloomberg
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Wells Fargo files with SEC to offer ETFs
INVESTING ETFS JUL 28, 2020
Wells Fargo files with SEC to offer ETFs

The wirehouse will become the latest major asset managers to enter the fray

SEI Investments says breach at key vendor exposed customer data
YOUR PRACTICE FINTECH JUL 27, 2020
SEI Investments says breach at key vendor exposed customer data

The company serves as a fund administrator for Pimco, Centerbridge and other money managers

Gold hits new record; now set to test $2,000 level
NEWS INDUSTRY NEWS JUL 27, 2020
Gold hits new record; now set to test $2,000 level

The precious metal erased its previous record high from 2011 amid concerns about negative real rates and economic and political turmoil

Fund industry tries to clarify types of ESG funds
INVESTING ESG JUL 27, 2020
Fund industry tries to clarify types of ESG funds

The Investment Company Institute is leading an effort to come up with definitions of the various approaches to sustainable investing

Big buildup of savings could rein in rates
INVESTING MUTUAL FUNDS JUL 23, 2020
Big buildup of savings could rein in rates

Deposits at commercial banks have risen 18% this year, to a record $15.6 trillion, and money-market fund assets are almost $1 trillion higher than before the pandemic

SEC approves rules expected to limit activist investors
INVESTING EQUITIES JUL 22, 2020
SEC approves rules expected to limit activist investors

The agency's overhaul targets proxy advisory firms like Institutional Shareholder Services and Glass Lewis

Banks to help consumers buy greener
INVESTING ESG JUL 22, 2020
Banks to help consumers buy greener

Morgan Stanley and Mastercard announcing moves to make finance more sustainable

Corporate insiders are unloading shares
INVESTING EQUITIES JUL 22, 2020
Corporate insiders are unloading shares

Sales by executives could be a signal that the stock market rally is topping out

Wells Fargo hires BNY Mellon executive as CFO
YOUR PRACTICE PRACTICE MANAGEMENT JUL 21, 2020
Wells Fargo hires BNY Mellon executive as CFO

Mike Santomassimo will succeed John Shrewsberry as the bank prepares to cut costs

UBS may resume share buybacks
NEWS WIREHOUSES JUL 21, 2020
UBS may resume share buybacks

Second-quarter earnings show the bank's wealth management profit in Asia helped offset a 37% drop in profit year-on-year for the business in the Americas