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Banks’ robust capital mitigates risks, regulators tell Biden

At a meeting at the White House Monday, regulators including Fed Chairman Jerome Powell and SEC Chairman Gary Gensler reassured the president that the financial system is doing well.

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Former Morgan Stanley traders turn crypto startup into unicorn

Amber Group raised $100 million from investors in a Series B fundraising, boosting its valuation to $1 billion. Investors included DCM Ventures and Tiger Global Management.

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Supreme Court gives Goldman chance to end shareholder suit

The justices set aside a federal appeals court ruling in a lawsuit that accuses the company of misleading shareholders by masking conflicts of interest related to mortgage-backed securities it sold. Goldman argued the case made it too easy for shareholders to press class-action fraud suits.

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ESG funds in Europe hit record $1.4 trillion in 2020

Sustainable products made up more than 50% of all European fund assets last year.

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Climate change fight is adding to global inflation scare

Industries from glass to steel to autos are being left with little choice but to change how they make products and ultimately what they sell. The technical hurdles and investment involved mean it’s going to cost much more.

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U.S. sues to block Aon’s $30 billion Willis Towers deal

The Justice Department says the deal, which would create the world's largest insurance brokerage, is anticompetitive.

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First state to require divestment of fossil fuels

New law will require Maine treasury and giant pension fund to dump coal, oil and gas holdings by 2026.

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Bank of America makes Juneteenth a holiday, joining JPMorgan, Wells Fargo

The banks told U.S. employees they'll receive a floating paid day off to mark the holiday commemorating the end of slavery in the U.S., which President Biden signed into law Thursday.

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Mutual fund-to-ETF bonanza may be getting started

An executive at Citi, which acted as transfer agent for the conversion of four Dimensional Fund Advisors mutual funds into ETFs this week, expects many more such switches.

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SEC delays ruling on Bitcoin ETF

The agency is seeking more public comment on a proposal to list a Bitcoin exchange-traded fund on Cboe.

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