Banco Popular de Puerto Rico

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.

The firm plans to reshape how it lends to billionaire clients, especially loans that are backed by hard-to-sell assets.

The $4.64 billion fund lost 75% of its value in two months.

So-called buffer funds have attracted over $2 billion worth of inflows so far this year.

The death of George Floyd in Minneapolis and other fatal police encounters now fueling protests nationwide have prompted executives from almost every major bank and investment firm to speak out.