Instead, retail investors are moving toward buying mutual funds and ETFs, which have roughly doubled their holdings of municipal securities over the last decade.
The biggest U.S. bank will hire a third party to perform the audit and publish a report on the results by the end of this year.
Johnson revolutionized the money management industry by promoting mutual funds for retirement plans and money market checking accounts as head of Fidelity Investments.
The asset manager is jumping into liquid alternatives, citing its clients' interest in diversifying.
The firm's CEO said the war will prompt countries to reconsider their reliance on traditional money and payment systems.
When the pandemic pushed millions of older Americans out of the labor force, it also should have spawned a surge in Social Security applications — but it hasn’t.
The Swiss bank expects about 10% of its workers in the US to go remote as the program is implemented in phases, starting at the wealth unit.
Rising inflationary pressure around the world is fueling concerns about the ability of the global economy to weather any sustained period of higher financing costs.
The Vermont Department of Financial Regulation said at least 40 customers in the state complained.
The feature appeared in a beta version of its iPhone app. Code describing the service — dubbed Stock Loan Income Program, or SLIP — was discovered by developer Steve Moser.
