Credit Suisse

Retail interest in ETPs tied to volatility has dimmed since early February when the S&P 500 tumbled 8.5%.

The closure could signal that remaining retail players are short on patience for neutered products.

Inflows have persisted since the infamous “volpocalypse” in early February.

Treasury yields have fallen in response to tariffs imposed by the Trump administration, making defensive sector holdings more attractive.

While Raymond James and Stifel are on hiring sprees, Wells Fargo is still losing talent.

The firm scaled back its investment bank after the financial crisis to reduce risk and focus on its large wealth-management business.

Alexandra Court had been promoted to global head of institutional distribution in 2016, a move accompanied by about two dozen job cuts in that division.

The firm’s CEO is counting on growth at the investment bank to drive future returns.

The shake up could strand investors with hard-to-trade securities.

The offering will either directly lend to businesses or invest in the credit of companies facing distress.

The firm is asking a judge to dismiss a class action suit and force a former broker into arbitration, instead.

“For progress, we need to make people just the right amount of uncomfortable," says Erika Karp of Cornerstone Capital Group.

One fund’s strategy this week amounted to almost 48% of its average daily turnover during the past 90 days.

The moves may push some shareholders to rebalance their positions, likely at a cost.

Managers sold $24.6 billion of the loans in the region last year, the most since the financial crisis.

The scrutiny puts a spotlight on a small corner of the $3.4 trillion ETF industry.

"Simply put, the plaintiff here is looking to be paid the same money twice," a spokeswoman for the Swiss firm says.

The firm says it has moved away from the products after an implosion of a vast array of arcane bets against stock market volatility.

Credit Suisse said it will liquidate an ETP, effectively wiping out a fund whose market value topped $2 billion just three weeks ago.

Cornerstone Capital founder Erika Karp says sustainable investing can "repair" capitalism and predicts it will become mainstream in the future.