Asset Managers
The latest news on top asset managers, including updates on mergers and acquisitions, as well as new investment strategies and fund offerings.
Invesco, Franklin Among Firms That Added SVB Before Collapse
By Bei HuBlackRock was also among the top 10 buyers of the bank's shares since September, according to Bloomberg data.
March 14, 2023
Stocks Gains Trimmed on Market Jitters, Bonds FallFirst Republic Bank was up about 25% Tuesday, despite earning a Creditwatch negative rating from S&P Global.
March 13, 2023
Banks Crater, Bonds and Stocks Rally in a Wild Day for MarketsFirst Republic Bank's shares sank 62% and those of Western Alliance fell 47%, tripping trading halts along the way.
March 13, 2023
Schwab Stock Pares Decline After Brokerage Seeks to Calm InvestorsSchwab, like SVB, has a large investment securities portfolio and is sitting on significant paper losses in its held-to-maturity books.
March 10, 2023
S&P 500 Close to Wiping Out 2023 GainsAs risk assets got pummeled, the U.S. stock benchmark headed toward its worst week since September.
March 09, 2023
Investors Contemplate Rates Reaching 6%The Fed's latest messages are fueling fears of a hard economic landing, as bonds telegraph the growing odds of a recession.
March 09, 2023
Vanguard Launches Short-Term Tax-Exempt Bond Index ETFThe fund is intended for tax-sensitive investors with a short time horizon and low interest-rate risk tolerance.
March 09, 2023
JPMorgan Blames Ex-Private Banking Chief for Epstein Ties, Demands 8 Years of PayThe bank is demanding Jes Staley hand over all compensation from 2006 through 2013 — a figure surpassing $80 million.