Banco Popular de Puerto Rico

The nearly $4.5 billion deal is another case of consolidation in the industry, as firms grapple with falling fees and the rising challenge from managers of index-tracking funds.

The investing strategy “is close to saturation,” and the cost of keeping up with the competition may be to blame, a new study suggests.

The $180 billion asset manager is moving ahead with plans for actively-managed ETFs that disclose their holdings like mutual funds.

The all-stock takeover adds E-Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.

The firm, run by Big Short protagonist Greg Lippmann, may make sustainability the linchpin of its CLO business after completing its first deal that complies.

The outage hit the group’s Morcom electronic trading platform, which employees use to place orders on behalf of wealthy clients.

The tumult is the latest example of the pressures that the firm faces as an upstart in the hyper-competitive and tightly regulated brokerage business.

Lenders have been ringing up investment firms and hedge funds to garner interest in financing to companies in industries upended by the coronavirus.

The change means legions in New York, New Jersey and Connecticut who had been scheduled to rotate among sites will instead stay away from those offices until further notice.

The negative superlatives for American stocks are piling up.