Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
SEC Pushes Back Against Fidelity, BlackRock Spot Bitcoin ETF Filings
By Katherine Doherty & Lydia BeyoudThe token on Friday traded around $30,300. That's still less than half the record of almost $69,000 reached in November 2021.
June 27, 2023
Fidelity Eyes Spot ETF as Bitcoin Nears One-Year HighBlackRock recently filed its application for a spot Bitcoin ETF, which sent Bitcoin to a new high for 2023.
June 27, 2023
UBS Plans to Cut Over Half of Credit Suisse WorkforceBankers, traders and support staff in Credit Suisse's investment bank in several locations should likely bear the brunt of the cuts.
June 26, 2023
Morgan Stanley's Wilson Sees Big Risks of a 'Major Correction'"The headwinds significantly outweigh the tailwinds and we believe risks for a major correction have rarely been higher," the strategist said.
June 26, 2023
Here's Where the Market Is Headed After a Wild First HalfA strong first half for the S&P 500 has typically led to another solid run in the remaining six months, according to Bloomberg data.
June 22, 2023
JPMorgan to Pay $4M Over 47 Million Deleted RecordsThe SEC alleges that JPMorgan Securities permanently deleted the electronic records, including emails and instant messages.
June 22, 2023
Buffett Donates $4.6B in Berkshire Shares to CharitiesThe 13.7 million Class B shares were donated to five philanthropies, including one named for his late wife and several run by his children.
June 21, 2023
Guggenheim CIO Worries About Office Building Price CrashPrices in some cities could fall 40%, Anne Walsh said at S&P Global Ratings' insurance conference.