Banco Popular de Puerto Rico

More than 40% of Black and Hispanic adults say they have used money from a savings or retirement account to pay their bills since the outbreak began, a survey finds.

Fortunes in the tech and health care sectors jumped by 43% and 50%, respectively.

Days after completing the purchase of E-Trade, CEO James Gorman’s second major transaction of the year aims to bulk up the firm’s asset management arm.

Flows into U.S. fixed-income products this year have already surpassed the total for all of last year.

The additions are expected to include financial advisors and customer service agents, and represent a 15% increase in associates who focus on clients.

The firm determined that the staffers defrauded the SBA “by making false representations in applying for coronavirus relief funds for themselves.”

The fintech plans to build out cash, checking, insurance and mortgage products.

The Bloomberg Barclays Global High Yield Index flipped to an annual loss this week after just seven weeks in the green.

The executive who helped guide Goldman Sachs’ embrace of Main Street is giving up his post in a management shuffle at the consumer unit.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” said Beatriz Sanchez, the bank’s head of the Americas.