Other big banks are maintaining their dividend payments in the wake of new Fed restrictions
The central bank bought bonds issued by AT&T, UnitedHealth and Walmart
Short interest as a portion of shares outstanding in the $266 billion SPDR S&P 500 ETF had fallen to 4.9% Friday from 6.7% at the end of May
The restrictions relate bank dividends to recent earnings, and Wells Fargo's earnings slumped 89% in the first three months of the year
Bank buybacks are also banned through the third quarter; Wells Fargo seen most at risk for dividend cut
He encountered many questions about the New York federal prosecutor job when he appeared before a House subcommittee to discuss emergency lending amid the pandemic
Credit Suisse’s decision to delist nine exchange-traded notes worth nearly $3 billion points to an existential crisis in this sector of the ETF market
The CEO also said the asset manager will double the portion of senior executives who are black, from 3% currently
The firm is expanding the choices available in its separately managed accounts
Threats to the equity rally include a COVID second wave, U.S.-China tensions and the prospect that central banks will wind down their stimulus efforts
