Life Insurer Faces Legal Pushback From Its Own Insurers
By Allison BellThe companies are fighting a Nassau Financial subsidiary's claims for coverage against state class-action lawsuits.
January 12, 2024
Citi to Cut 20,000 JobsIn all, Citigroup's firmwide headcount is set to decline by 60,000 jobs to 180,000 by the end of 2026.
January 12, 2024
Morgan Stanley to Pay $249M to End Block Trade ProbesAs part of the agreement, Morgan Stanley will pay about $113 million to the SEC, the regulator said Friday.
January 12, 2024
BlackRock Buys Infrastructure Firm for $12.5B in Big Alternatives PushThe purchase of GIP, which manages $100 billion, comes as BlackRock's total assets top $10 trillion.
January 11, 2024
More Than Half of Americans Want to Retire Gradually: SurveyGen Z anticipates leaving the workforce at 55, according to Principal Financial's Well-Being Index.
January 11, 2024
Spot Bitcoin ETF Trades Top $3.5B on 'Ground-Breaking' First DayThe Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust proved very popular with investors Thursday.
January 11, 2024
Advisors Battle Morgan Stanley Over Deferred Comp 'Clawback'About a dozen former advisors say the firm improperly withheld deferred compensation in violation of ERISA.
January 11, 2024
Morgan Stanley Could Pay Up to $300M to Settle Trading ProbeThe yearslong investigation has focused on its employees' handling of stock sales big enough to move markets.