Banco Popular de Puerto Rico

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.

Donald Trump has all but promised to dispute the election outcome if he loses. Wall Street’s taking him at his word.

The Justice Department filed two counts of wire fraud against the firm but agreed to defer prosecution under a three-year deal that requires the bank to report its remediation and compliance efforts to the government.

The bank also created a new consumer and wealth-management division co-led by Stephanie Cohen, one of the firm’s most-senior female bankers.

Gold buying by central banks, an important driver of bullion’s advance in recent years, is forecast to pick up in 2021 after a slowdown this year.

The agency issued guidelines scaling back a tax break for client entertainment, following through on an element of President Trump’s 2017 tax overhaul.

The market for newly minted stocks has exploded this year, with U.S. initial public offerings raising more than $80 billion so far.

Average portfolios tend to be traditional and helped stabilize markets during the COVID-19 crash, new research shows.