On Thursday, the asset manager's shares had plunged as much as 14.2% on the news that Germany’s financial markets regulator, BaFin, and U.S. prosecutors were probing claims by a former sustainability executive that DWS overstated the amount of assets adhering to social and environmental criteria.
One big basket of shares can easily look a lot like the next. But a catchy or memorable moniker can help a fund stand out.
The agency issued a wide-ranging request for comment on how online brokerages use game-like features and other tools to attract investors.
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
The firm that led Wall Street's return to the office responds to the spread of the highly contagious delta variant with more stringent safety measures.
Long-short strategy launching by October to focus on global consumer, tech, financial and healthcare stocks with $1 billion or more.
The sponsor of the American Funds mutual fund family will release six fully transparent exchange-traded funds in the first quarter.
The nation's biggest life insurer will now pay a minimum wage of $20 an hour, up from $15, as it joins other firms boosting pay amid labor shortages.
The brokerage joins other large financial firms in boosting salaries after more than a year of working through the pandemic. The pay raise, affecting most of Schwab’s 32,500 employees, will take effect in late September.
The online brokerage said that a significant portion of its second-quarter revenue was fueled by virtual currencies, primarily Dogecoin, and predicted it would see lower revenue during the third quarter.
