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ESG funds in Europe hit record $1.4 trillion in 2020
RIA NEWS JUN 18, 2021
ESG funds in Europe hit record $1.4 trillion in 2020

Sustainable products made up more than 50% of all European fund assets last year.

Climate change fight is adding to global inflation scare
RIA NEWS JUN 18, 2021
Climate change fight is adding to global inflation scare

Industries from glass to steel to autos are being left with little choice but to change how they make products and ultimately what they sell. The technical hurdles and investment involved mean it’s going to cost much more.

U.S. sues to block Aon’s $30 billion Willis Towers deal
RETIREMENT PLANNING JUN 18, 2021
U.S. sues to block Aon’s $30 billion Willis Towers deal

The Justice Department says the deal, which would create the world's largest insurance brokerage, is anticompetitive.

First state to require divestment of fossil fuels
REGULATION, LEGAL & COMPLIANCE JUN 18, 2021
First state to require divestment of fossil fuels

New law will require Maine treasury and giant pension fund to dump coal, oil and gas holdings by 2026.

Bank of America makes Juneteenth a holiday, joining JPMorgan, Wells Fargo
PRACTICE MANAGEMENT JUN 18, 2021
Bank of America makes Juneteenth a holiday, joining JPMorgan, Wells Fargo

The banks told U.S. employees they'll receive a floating paid day off to mark the holiday commemorating the end of slavery in the U.S., which President Biden signed into law Thursday.

Mutual fund-to-ETF bonanza may be getting started
ETFS JUN 17, 2021
Mutual fund-to-ETF bonanza may be getting started

An executive at Citi, which acted as transfer agent for the conversion of four Dimensional Fund Advisors mutual funds into ETFs this week, expects many more such switches.

SEC delays ruling on Bitcoin ETF
ETFS JUN 16, 2021
SEC delays ruling on Bitcoin ETF

The agency is seeking more public comment on a proposal to list a Bitcoin exchange-traded fund on Cboe.

Fed sees two rate hikes by end of 2023
REGULATION, LEGAL & COMPLIANCE JUN 16, 2021
Fed sees two rate hikes by end of 2023

Federal Reserve officials signaled that the pace of the U.S. economic recovery is bringing forward their expectations on how quickly they will reduce policy support.

Texas plans to ban firms that cut out oil and gas sectors
REGULATION, LEGAL & COMPLIANCE JUN 15, 2021
Texas plans to ban firms that cut out oil and gas sectors

Gov. Greg Abbott signs a pro-oil and gas bill in the state's latest fight against ESG investing.

From Marines to Wall Street, this veteran defied the odds
WOMEN ADVISOR COMMUNITY JUN 15, 2021
From Marines to Wall Street, this veteran defied the odds

Mercedes Elias, the new co-CEO of AmeriVet Securities, approached her career on Wall Street much like her decade-long ascent through the Marine Corps.