Finance

The products will have the same management and research teams as the firm's similarly named mutual funds.

Evenings on the town are being replaced with conference calls, online concerts and care packages.

“The U.S. is in a lot of pain right now, and our African-American colleagues are in a lot of pain,” Jenny Johnson, chief executive officer of Franklin Resources, said.

So-called buffer funds have attracted over $2 billion worth of inflows so far this year.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.

The incident demonstrates that companies are increasingly holding employees accountable, even for behavior that occurs outside the office.

More than 300 reps have switched BDs so far this year, with LPL and Cambridge Investment Research completing the two largest grabs.

The results were “not just predicated on expense ratios,” an expert says.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

The venture fund comes just months after UBS named ING's Ralph Hamers, an outspoken champion of digital banking as its next CEO.