Banco Popular de Puerto Rico

Corporate-debt funds have led the intake since the central bank first announced its Secondary Market Corporate Credit Facility in March.

Total assets held by the central bank rose to a record $7.04 trillion in the week through May 20.

Banks and insurers have trailed the S&P 500 by 20 percentage points, their worst performance at this point of a year on record.

As big banks adopt off-the-rack approaches to reopening skyscrapers to armies of employees, the asset management industry’s solutions are much more bespoke.

State Street’s stockpile takes up one corner of a vault in a system that stores bullion on behalf of central banks, sovereign wealth funds and others.

The venture fund comes just months after UBS named ING's Ralph Hamers, an outspoken champion of digital banking as its next CEO.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

The firm joins a growing number of asset managers offering hidden-asset products.

The incident demonstrates that companies are increasingly holding employees accountable, even for behavior that occurs outside the office.

The U.S. lender was able to sell its stock within four days of discussing its plans, BlackRock CEO Larry Fink says.