Bloomberg

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Global securities watchdog targets greenwashing
RIA NEWS MAR 09, 2021
Global securities watchdog targets greenwashing

The International Organization of Securities Commissions plans to propose sustainability disclosure standards that could serve as the basis for national requirements.

DFA shifting $26 billion of mutual funds into ETFs
MUTUAL FUNDS MAR 04, 2021
DFA shifting $26 billion of mutual funds into ETFs

Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds.

Climate activist takes aim at Vanguard
RIA NEWS MAR 03, 2021
Climate activist takes aim at Vanguard

The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.

Elizabeth Warren, other progressives propose ‘Ultra-Millionaire’ tax
RIA NEWS MAR 01, 2021
Elizabeth Warren, other progressives propose ‘Ultra-Millionaire’ tax

The measure would impose a 2% annual tax on households and trusts valued at between $50 million and $1 billion; all net worth over $1 billion would be taxed at 3%.

Walmart hires Goldman bankers
FINTECH MAR 01, 2021
Walmart hires Goldman bankers

Omer Ismail, head of Goldman's consumer bank, Marcus, and a colleague, David Stark, will help lead the retailer's fintech startup as it muscles into the banking business.

Merrill Lynch ramps up wealth unit in Florida
WIREHOUSES FEB 26, 2021
Merrill Lynch ramps up wealth unit in Florida

As its wealthiest clients fly south, the wirehouse plans to double the number of teams catering to ultra-high-net-worth individuals in the Sunshine State over the next few years.

JPMorgan’s Thasunda Duckett named TIAA chief executive
RETIREMENT PLANNING FEB 25, 2021
JPMorgan’s Thasunda Duckett named TIAA chief executive

Duckett succeeds Roger Ferguson Jr., who had announced his plans to retire. She was most recently CEO of Chase Consumer Banking.

Corporate climate disclosures to be scrutinized aggressively by SEC
REGULATION, LEGAL & COMPLIANCE FEB 24, 2021
Corporate climate disclosures to be scrutinized aggressively by SEC

The agency's corporate finance group will focus on climate in their reviews of corporate filings, the regulator announced Wednesday.

JPMorgan creates investment product for Black-owned banks
PRACTICE MANAGEMENT FEB 24, 2021
JPMorgan creates investment product for Black-owned banks

The product will initially be distributed by four Black-owned banks, and JPMorgan will share the assets and fees generated with those banks.

Bond ETFs hammered by growing inflation bets
MUTUAL FUNDS FEB 24, 2021
Bond ETFs hammered by growing inflation bets

Price pressures are expected to rise now that Covid-19 vaccines are being rolled out and given the prospect of more fiscal and monetary stimulus.