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UBS considers workplace changes in U.S.
YOUR PRACTICE PRACTICE MANAGEMENT MAR 25, 2021
UBS considers workplace changes in U.S.

In response to employee feedback, the bank is seeking to improve engagement in underrepresented communities and considering allowing employees greater flexibility to work remotely.

Robinhood says it filed confidentially for IPO
YOUR PRACTICE FINTECH MAR 24, 2021
Robinhood says it filed confidentially for IPO

The online trading platform could go public as soon as late in the second quarter, a source said.

Hartford rejects Chubb's $23 billion takeover proposal
RETIREMENT RETIREMENT PLANNING MAR 23, 2021
Hartford rejects Chubb's $23 billion takeover proposal

The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.

Biden determined to tax rich after windfalls from Covid
NEWS REGULATION AND LEGISLATION MAR 22, 2021
Biden determined to tax rich after windfalls from Covid

There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.

Vice proves hard habit to kick as ESG enters credit markets
INVESTING ESG MAR 22, 2021
Vice proves hard habit to kick as ESG enters credit markets

Companies in sectors that many ESG funds would exclude, such as tobacco, fossil fuel and gaming companies, can still access credit markets with relative ease, investors say.

BlackRock slashes fees on style ETFs to near zero
INVESTING MUTUAL FUNDS MAR 22, 2021
BlackRock slashes fees on style ETFs to near zero

The world’s biggest ETF issuer is cutting the expense ratios on nine iShares Morningstar U.S. Equity Style Box ETFs to a range of 0.03% to 0.06% — down from previous charges between 0.25% and 0.30%.

Chubb explores acquiring $22 billion rival Hartford
RETIREMENT RETIREMENT PLANNING MAR 19, 2021
Chubb explores acquiring $22 billion rival Hartford

Hartford has long been considered a potential takeover candidate for the biggest insurers in the U.S., and Chubb could reap considerable cost savings from a deal.

Morgan Stanley to offer Bitcoin funds to ultra-rich clients
YOUR PRACTICE FINTECH MAR 18, 2021
Morgan Stanley to offer Bitcoin funds to ultra-rich clients

Wall Street banks have stayed mostly on the sidelines as cryptocurrencies surged in popularity. While futures contracts based on Bitcoin and Ether, the second-largest digital currency, are available at major exchanges, none of the six biggest U.S. banks have until now offered their customers access.

IRS delays tax deadline to mid-May
NEWS REGULATION AND LEGISLATION MAR 17, 2021
IRS delays tax deadline to mid-May

The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.

Chevron greenwashing complaint filed with FTC
INVESTING ALTERNATIVES MAR 17, 2021
Chevron greenwashing complaint filed with FTC

Complaint is first time environmental groups have brought such claims to the Federal Trade Commission against an oil giant.