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Powell says economy still needs help from fiscal policy
REGULATION, LEGAL & COMPLIANCE JUL 29, 2020
Powell says economy still needs help from fiscal policy

The Fed chairman described the path forward as 'extraordinarily uncertain'

State Street launches ESG version of its mammoth S&P 500 ETF
MUTUAL FUNDS JUL 29, 2020
State Street launches ESG version of its mammoth S&P 500 ETF

The adaptation of SPY will include firms in the S&P 500 index that meet environmental, social and governance criteria

Wells Fargo files with SEC to offer ETFs
ETFS JUL 28, 2020
Wells Fargo files with SEC to offer ETFs

The wirehouse will become the latest major asset managers to enter the fray

SEI Investments says breach at key vendor exposed customer data
FINTECH JUL 27, 2020
SEI Investments says breach at key vendor exposed customer data

The company serves as a fund administrator for Pimco, Centerbridge and other money managers

Gold hits new record; now set to test $2,000 level
RIA NEWS JUL 27, 2020
Gold hits new record; now set to test $2,000 level

The precious metal erased its previous record high from 2011 amid concerns about negative real rates and economic and political turmoil

Fund industry tries to clarify types of ESG funds
RIA NEWS JUL 27, 2020
Fund industry tries to clarify types of ESG funds

The Investment Company Institute is leading an effort to come up with definitions of the various approaches to sustainable investing

Big buildup of savings could rein in rates
MUTUAL FUNDS JUL 23, 2020
Big buildup of savings could rein in rates

Deposits at commercial banks have risen 18% this year, to a record $15.6 trillion, and money-market fund assets are almost $1 trillion higher than before the pandemic

SEC approves rules expected to limit activist investors
EQUITIES JUL 22, 2020
SEC approves rules expected to limit activist investors

The agency's overhaul targets proxy advisory firms like Institutional Shareholder Services and Glass Lewis

Banks to help consumers buy greener
RIA NEWS JUL 22, 2020
Banks to help consumers buy greener

Morgan Stanley and Mastercard announcing moves to make finance more sustainable

Corporate insiders are unloading shares
EQUITIES JUL 22, 2020
Corporate insiders are unloading shares

Sales by executives could be a signal that the stock market rally is topping out