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UBS will let two-thirds of employees adopt permanent hybrid work
PRACTICE MANAGEMENT JUN 28, 2021
UBS will let two-thirds of employees adopt permanent hybrid work

The bank hasn't set a date for returning to the office. Employees can start applying for hybrid work once local pandemic rules allow them to return full-time to the office.

Robinhood's IPO plans slowed by SEC review
FINTECH JUN 25, 2021
Robinhood's IPO plans slowed by SEC review

Robinhood's growing cryptocurrency business, which now allows customers to trade Bitcoin, Ethereum and even Dogecoin, has drawn questions from the Securities and Exchange Commission, a source says.

BlackRock ETFs see massive inflows hinting at tax avoidance
ETFS JUN 25, 2021
BlackRock ETFs see massive inflows hinting at tax avoidance

Five exchange-traded funds took in about $13.5 billion amid the rebalancing of the FTSE Russell indexes, suggesting heartbeat trades designed to defer taxes faced by fund investors.

Citigroup joins rivals and helps wealthy clients access crypto
ALTERNATIVES JUN 24, 2021
Citigroup joins rivals and helps wealthy clients access crypto

The bank is forming a new digital assets group inside its burgeoning wealth management unit, and will help clients invest in cryptocurrencies, stable coins and non-fungible tokens.

Latest blow to 60/40 model is exodus of mom and pop investors
EQUITIES JUN 23, 2021
Latest blow to 60/40 model is exodus of mom and pop investors

Savers are ditching the formula that's anchored retirement plans for more than half a century, after already low interest rates hit rock bottom during the pandemic.

Morgan Stanley to require vaccinations to enter New York offices
PRACTICE MANAGEMENT JUN 23, 2021
Morgan Stanley to require vaccinations to enter New York offices

The firm said the goal is to help create a normal office environment, without a need for face masks and physical distancing.

Bitcoin rebounds after dropping below $30,000
FINTECH JUN 22, 2021
Bitcoin rebounds after dropping below $30,000

Chart-watchers said Bitcoin, which failed to retake $40,000 last week, could have a tough time finding support in the $20,000 range following its drop below $30,000.

Banks' robust capital mitigates risks, regulators tell Biden
REGULATION, LEGAL & COMPLIANCE JUN 21, 2021
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.

Former Morgan Stanley traders turn crypto startup into unicorn
ALTERNATIVES JUN 21, 2021
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.

Supreme Court gives Goldman chance to end shareholder suit
REGULATION, LEGAL & COMPLIANCE JUN 21, 2021
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.