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State Street said its firing 600 employees globally to accelerate cost reductions after the stock market slump will probably make its goal for fee revenue growth unattainable this year.
October 23 -
Almost half of U.S. workers didnt have a company-sponsored retirement plan in 2013, compared with 39% in 1999, according to an analysis of Census Bureau data by the Schwartz Center for Economic Policy Analysis at the New School for Social Research in New York.
October 21 -
Almost half of the $75 billion buyout loans arranged in the U.S. last year and tracked by Bloomberg in the secondary market are trading below their issue price.
October 21 -
Bank of New York Mellon, the worlds second- largest custody bank, reported a third-quarter profit that beat analysts estimates as the company cut expenses to offset the impact of lower interest rates.
October 20 -
Assets under management at Pimco in September experienced the smallest percentage drop since co-founder Bill Gross departed.
October 20 -
Navigate Fund Solutions has worked on two tracks to promote adoption of NextShares with asset managers and broker-dealers simultaneously. The firm is satisfied with its penetration into asset managers, with $600 billion in assets under management already.
October 19 -
Participants in the $23 trillion U.S. stock market have become more vocal about structural changes theyd like to see after the trading turmoil on Aug. 24.
October 19 -
Bonds from California have returned 2.47% this year, about half a percentage point more than the overall muni market, according to S&P Dow Jones Indices.
October 16 -
Failure to communicate NAV transfer rules can be costly to investors and brokerage firms.
October 15 -
Jeffrey Gundlach reached $50 billion in assets at his main mutual fund this week, the fastest an active stock or bond manager has achieved the milestone.
October 15