Banco Popular de Puerto Rico

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.

The world’s largest debt market may not be as sleepy as it seems.

“We’ve said no layoffs for this year and we’ll stick by that,” Chief Executive Officer Brian Moynihan said Thursday.

The Managed Funds Association urged the agency to do more analysis before moving forward.

The company plans to expand services to the high-net-worth by doubling the number of its advisors, its wealth management head says.