Money Management Executive Latest News

The bank's fund unit is considering a launch within three to six months.

Since 2014, the bank has culled 17,000 clients as tougher capital rules make dealing with many smaller firms less profitable.

The bank may be on the hook for hundreds of millions of dollars in tax penalties, lawyers say.

Fund managers' and strategists' views and recommendations on the main investment risks and trade opportunities in the new year.

The fund's manager, who was 11 years old when Vanguard began offering the fund in 1986, tracks the performance of more than 10,000 securities.

Investors have dumped bullion held in ETFs in response to the outlook for U.S. rates and a stronger dollar.

Stress-testing under a scenario that includes severe corporate defaults and sharp declines in U.S. equity could reduce security risks, according to the report.

The metal has tumbled in the past month, partly on anticipation of the decision as well as a surge in U.S. equities since the election of Donald Trump as president.

With a close watch on the policies from incoming President-elect Donald Trump, industry leaders and analysts share their predictions for industry trends in 2017.

The lawsuit alleges that Muirfield President Geoffrey Stern exposed Highland to "public hatred, ridicule and disgrace."