Person Root Tag

Just 5% of its 16,000 employees are Black, according to the company.

The program faces big challenges, including the coronavirus pandemic which could deplete the program’s $3-trillion trust fund as early as 2028.

All of the funds in the suite carry a 0.18% expense ratio.

Members of the bank’s operating committee will be evaluated annually on how much they have increased representation and inclusion of diverse employees in the operations they oversee.

A Democratic-led SEC could revisit Reg BI, advocacy groups and industry observers say.

While small deals are likely, CEO James Gorman said he’d be reluctant to take on a large-scale acquisition

Clients are gravitating toward the “biggest, stable institutions,” says Morgan Stanley CEO James Gorman.

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

The company's new service provides leads — and now phone calls — from its 65-million person audience to advisors.

In the months since CEO Larry Fink’s push to focus the firm’s efforts on ESG, the investing landscape has changed more than anyone could have anticipated.

"We have to redouble our efforts to make progress," Brian Moynihan said a day after the bank pledged $1 billion over four years to try to address racial and economic inequality.

The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.

Under Lauren Schadle’s tenure, the association rolled out its OneFPA initiative while also dealing with declining membership.

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

Once derided as fringe and unsustainable, advisors are finally accepting the business model.

The regulator was one of the first U.S. agencies to tell employees to stay home during the pandemic,

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

Shares of the bank have touched a 10-year low.

The IRS is giving taxpayers who want to receive their payments by direct deposit a tight deadline.

The central bank said it “will generally not purchase shares of an ETF that are trading at a premium” of 1% above its net asset value.