After tanking in 2022, some of the biggest actively managed funds in 401(k)s are outperforming thanks to a comeback in tech stocks.
SEC Chair Gary Gensler called the measure an 'unfinished step in Congress’s vision for financial reform' following the 2008 financial crisis.
Staffers earning up to $500,000 a year will share in a pool of restricted stock, according to a memo from CEO Brian Moynihan.
The SEC said Nexo's Earn Interest Product amounted to a security that should have been registered with the agency.
Treasury Secretary Janet Yellen had previously estimated that such steps would likely keep the government running at least until early June.
Most Citigroup staffers are supposed to be in the office three days a week, but if their productivity dips, they can expect to spend more time there.
The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.
Joseph Michael, who had worked at a JPMorgan bank branch in Michigan, has already persuaded about 32 clients to begin transferring their accounts, according to a complaint filed in court.
The firm will dismiss about 2.5% of its global workforce after grappling with sharp declines last year in equity and bond markets.
The funding fight could be bargaining chip at the center of upcoming debates over raising the debt ceiling and funding the federal government.
