Finance

The company didn’t look into the incident carefully before firing Amy Cooper the following day, the suit says.

The bank has been working with tech companies to rewrite algorithms that can take advantage of forthcoming quantum machines sooner than originally thought, to price derivatives, calculate risk and use machine learning.

While several analysts are bullish, not all are convinced of the Canadian asset manager’s newfound strategy.

The investment manager is part of a $50 million fundraising round in the wealthtech startup

During first quarter earnings last month, the bank said that it would take a $300 million restructuring charge related to the cuts in the second quarter.

Real interest rates, which protect from inflation, have fallen in recent years, making it more expensive to finance future spending, Allison Schrager writes.

“There are a lot of inflationary forces in the market right now as we’re reopening,” says the bank’s head of wealth management.

“Some assets are cheap for a reason,” an expert says.

The bank and asset manager has filed for four exchange traded funds in recent weeks, and its strategy for distribution starts with RIAs.

It’s the 14th RIA acquisition for the Canadian asset manager since it entered the U.S. market last year.