Report says the asset managers are using their stakes in public companies to cast proxy votes that favor a ‘liberal political agenda.’
As the U.S. braces for a recession, Morgan Stanley is reducing its global head count.
The firm's announcement that it will limit redemptions from the fund sent its stock falling as much as 10%.
The asset manager wasn’t aware of the decision until reading about it in a statement from Florida Chief Financial Officer Jimmy Patronis.
The groups that Hassan will take responsibility for were previously part of the global wealth-management operation.
BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.
Chairman Colm Kelleher said the bank has been slow to identify cross-selling opportunities to wealth management clients.
The Bitcoin Strategy Optimum Yield ETF would offer managed exposure to bitcoin futures contracts traded on the CME and investments in short-term debt securities.
The portion of savers taking money from their retirement accounts for hardships spiked 24% in the 12 months through Sept. 30.
The regulator claims Goldman's asset management unit failed to properly weigh environmental, social and governance factors in some investment products.
