DWS has faced regulatory probes in the US and Germany after its former chief sustainability officer, Desiree Fixler, went public with greenwashing allegations last year.
“The key fundamental call we are focused on now is slowing growth, and our view that earnings estimates are too high,” says Morgan Stanley’s Michael Wilson.
Recent changes to financial aid rules will free grandparents to contribute to college savings plans without penalizing a grandchild's eligibility for federal money.
The minutes confirmed support by most officials to continue such increases over at least their next two gatherings.
Only 40% of hedge funds globally made money in the first quarter, compared with 61% in the previous three months.
The 'merger of equals’ was meant to boost both fund managers but the firm has struggled since, losing AUM, executives and value.
The additions, which would boost head count to 6,000 from about 4,700, are part of a strategy to boosts the firm's wealth management assets to $1 trillion.
Households had piled up an extra $38.5 trillion in wealth over the last two years, but since the start of this year, wealth has plunged at least $5 trillion, JPMorgan Chase estimates.
The Fed’s hawkish-at-all-costs posture, the chaos in supply chains and intensifying threats to the business cycle are all undermining confidence.
Global equity funds had $5.2 billion of outflows in the week to May 18, led by redemptions from mutual funds.
