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SEC Chairman Clayton advised to drop bid for U.S. attorney
PRACTICE MANAGEMENT JUN 22, 2020
SEC Chairman Clayton advised to drop bid for U.S. attorney

The dispute between Attorney General Barr and Geoffrey Berman has cast a shadow over Clayton's nomination for the position

Trump to nominate SEC Chairman Clayton as U.S. Attorney in New York
REGULATION, LEGAL & COMPLIANCE JUN 19, 2020
Trump to nominate SEC Chairman Clayton as U.S. Attorney in New York

Jay Clayton would replace Geoffrey Berman, who is exiting after 2½ years in the job

New virus-themed ETF trades under ticker GERM
MUTUAL FUNDS JUN 19, 2020
New virus-themed ETF trades under ticker GERM

The fund's biggest holding is Moderna, whose stock price has more than tripled this year on news about vaccine it's developing

BlackRock rolls out six ESG ETFs
MUTUAL FUNDS JUN 18, 2020
BlackRock rolls out six ESG ETFs

The funds' debut follows BlackRock CEO Larry Fink's pledge in January to increase sustainable ETF offerings

Wells Fargo ties pay of top execs to improving diversity
PRACTICE MANAGEMENT JUN 17, 2020
Wells Fargo ties pay of top execs to improving diversity

CEO Scharf sets a goal of doubling black leaders at the bank within the next five years

Fed purchases reshape market for bond ETFs
MUTUAL FUNDS JUN 16, 2020
Fed purchases reshape market for bond ETFs

Cash is flooding into fixed-income ETFs at a record pace and interest in betting against both high-grade and junk funds has dissolved

Morgan Stanley sued for racial bias by former diversity head
PRACTICE MANAGEMENT JUN 16, 2020
Morgan Stanley sued for racial bias by former diversity head

Marilyn Booker, the firm's first global head of diversity, says it refused to adopt her plan to address racial bias

BlackRock plans ETF focused on remote-work companies
MUTUAL FUNDS JUN 16, 2020
BlackRock plans ETF focused on remote-work companies

Its move follows Direxion's April announcement of a 'work-from-home' fund

Fed to begin buying corporate bonds
FIXED INCOME JUN 16, 2020
Fed to begin buying corporate bonds

The Secondary Market Corporate Credit Facility is one of nine emergency lending programs the Fed has announced since mid-March

Morgan Stanley economists stick with call for V-shaped recovery
WIREHOUSES JUN 15, 2020
Morgan Stanley economists stick with call for V-shaped recovery

Their forecast cites the sizable policy support from central banks and finance ministries