Mike Santomassimo will succeed John Shrewsberry as the bank prepares to cut costs
Second-quarter earnings show the bank's wealth management profit in Asia helped offset a 37% drop in profit year-on-year for the business in the Americas
The bank will also help develop a global accounting standard financial institutions can use to measure their impact on the climate
The pandemic has left the state facing a projected four-year deficit of $61 billion
TGIF is the ticker for the exchange-traded fund, which will distribute cash each Friday
So far this year, 68 active exchange-traded funds have started trading, compared with 63 passive ones
UBS Group's family office survey finds heirs of large estates prioritize financial returns
Fixed-income trading revenue almost tripled during the second quarter
Institutional investors like insurance companies and pension funds learned to appreciate bond ETFs amid the volatility in March
The exchange-traded fund industry's fee war may be running out of steam
