Ameriprise Sued by Employees Over 401(k) Losses
In further controversy over the use of proprietary products, members of Ameriprise Financial Inc.'s 401(k) plan filed a proposed class action in Minnesota on Wednesday claiming they lost $20 million in investments.
BlackRock Seeks to Run ETFs Using Own Indexes
BlackRock, the world’s largest money manager, filed an application with the SEC for its iShares exchange-traded funds to follow its own indexes rather than those developed by third parties such as Standard & Poor’s.
MARK IT TO MARKET
Global equity markets lurch in waves of volatility. Banks are loathe to lend, withholding the lubricant that makes economies function. At the epicenter of the...