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Vanguard wins ETF flow war as State Street loses ground
MUTUAL FUNDS DEC 28, 2020
Vanguard wins ETF flow war as State Street loses ground

Vanguard is on track to beat BlackRock in attracting ETF flows for the first time since 2013

Clayton says he will exit SEC Dec. 23
REGULATION, LEGAL & COMPLIANCE DEC 23, 2020
Clayton says he will exit SEC Dec. 23

Trump will likely name either Hester Peirce or Elad Roisman — the SEC’s Republican commissioners — as acting chairman

UBS board considers impact of ING probe on new CEO
WIREHOUSES DEC 23, 2020
UBS board considers impact of ING probe on new CEO

Ralph Hamers is caught up in an investigation of money laundering that occurred while he headed ING Groep

Ripple Labs, executives sued by SEC for failing to register XRP
REGULATION, LEGAL & COMPLIANCE DEC 22, 2020
Ripple Labs, executives sued by SEC for failing to register XRP

The agency accused them of misleading investors in XRP, the world's third-largest cryptocurrency

Invesco debuts four nontransparent ETFs
MUTUAL FUNDS DEC 22, 2020
Invesco debuts four nontransparent ETFs

The funds don't report their holdings daily, in an attempt to shield their strategies from front-running or replication by rivals

Wells Fargo to sell student loan book to Apollo, Blackstone
WIREHOUSES DEC 22, 2020
Wells Fargo to sell student loan book to Apollo, Blackstone

The sale is part of CEO Charlie Scharf's effort to focus the bank on key businesses

Congress reaches deal on $900 billion pandemic relief plan
RIA NEWS DEC 21, 2020
Congress reaches deal on $900 billion pandemic relief plan

The plan would provide direct payments of $600 to most Americans and $300-per-week in enhanced unemployment benefits through March, according to lawmakers and aides

Yellen pressed to back strong dollar in reverse of Trump-era tone
RIA NEWS DEC 21, 2020
Yellen pressed to back strong dollar in reverse of Trump-era tone

The greenback’s tumble this year — it’s heading for the second-biggest drop in the past decade — has already stoked foreign policy makers’ concerns

Europe continues to outshine US in ESG investing
RIA NEWS DEC 21, 2020
Europe continues to outshine US in ESG investing

Sustainable debt markets in U.S. fell 5%, while European ESG debt issuances soared

Carbon offsets not helping climate if they aren't sparking change
RIA NEWS DEC 18, 2020
Carbon offsets not helping climate if they aren't sparking change

Rethinking the value of programs that pay landowners to plant trees, sometimes even if they did it a decade ago