Investors face limited environmental, social and governance-related options, with only a modest percentage of companies making substantive contributions to those goals, a shareholder advisory firm said.
Goldman Sachs has reportedly asked more than 100 London-based employees to sign new contracts and gear up for a move to the European Union, in the latest shift by a financial firm related to Brexit.
Two U.S. precious metal dealers tricked elderly, mostly politically conservative investors into spending $185 million on fraudulently overpriced priced gold and silver, market regulators said Friday.
Asset manager Vanguard on Friday began turning away new investors for two money-market funds totaling $3 billion in assets that invested in Pennsylvania and New Jersey municipal securities, citing insufficient supply.
Fidelity Investments has filed regulatory paperwork for an exchange-traded fund version of its famous Magellan mutual fund, an investment vehicle that was once the world’s largest and had a “cottage industry” devoted to it.
Bank of America issued a bond that will fund projects related to racial equality, economic opportunity, and transitioning to a low-carbon economy, the first-ever offering of its kind in the financial services industry.
Ant Group on Friday unveiled a new cross-border trade finance platform powered by its Blockchain-based unit AntChain in partnership with major global banks as the Chinese fintech readies for its blockbuster initial public offering.
FTSE Russell will include Chinese government bonds in its World Government Bond Index beginning in October 2021, in a move that could result in up to $140 billion in additional inflows for China.
Chinese companies need to develop more rigorous standards for disclosing and understanding risks posed by climate change, researchers from Chinese insurer Ping An said in a report Thursday.
Fintech Gemini rolled out its cryptocurrency exchange and custody services in the U.K. on Wednesday, in the latest expansion of the New York-based startup founded by Tyler and Cameron Winklevoss.
French luxury brand Chanel on Thursday raised EUR 600 million ($700 million) from bonds tied to climate targets for the company, with Paris-based bank BNP Paribas structuring and issuing the securities.
Citigroup launched a digital portal for exchange-traded funds in the Hong Kong market, allowing dealers including market makers and investment firms to place more orders related to the offerings online.
Sweden’s central bank, which recently began to purchase corporate bonds to shore up a shaky economy, is concerned the market for those investments is illiquid, immature and poorly functioning, according to the Financial Times.
Boston-based State Street Global Advisors launched a new exchange-traded fund Thursday on the New York Stock Exchange that is designed to give investors access to ultra-short-term Treasury bills.
Munich Re said Thursday that it has jumped into the green bond space with an issuance worth EUR 1.25 billion ($1.46 billion), a move that the reinsurer said is part of its effort to address climate change.
Scandal-plagued Danske Bank worked with Deutsche Bank to facilitate more than $600 million in suspicious trades between 2012 and 2015 through its branch in Lithuania, according to Danish media.
Vanguard launched its first environmental, social and governance corporate bond exchange-traded fund Thursday, complementing the U.S. investment advisor’s current offerings of stock-based sustainability-focused ETFs.
The U.S. Securities and Exchange Commission voted on Wednesday to update its whistleblower program, approving changes that were “diluted” from initial proposals to cap awards and tighten deadlines, a securities law expert said.
Interactive Brokers has told its clients that they must put up more money to trade when using leverage as the electronic platform braces for a surge in volatility with the U.S. presidential election approaching in November.
Travelers Cos. launched a new insurance program Wednesday that caters to professional service providers through industry-tailored coverage options and by combining their property, casualty and business policies into one.