A former branch manager of Falcon Private Bank in Singapore has been charged with 16 offences, including one that requires banks and their officers to enact due-diligence checks on clients to prevent money laundering.
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Abigail Johnson resisted exchange-traded funds because of potential costs of committing to such lower-margin products. But changes in the money management industry forced the chief of Fidelity Investments to alter that strategy.
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SoftBank Group has lined up chip maker Qualcomm as an investor in the Japanese firm’s new technology fund, helping the portfolio reach its $100 billion goal, according to people familiar with the matter.
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The New York Stock Exchange, the leading marketplace for exchange-traded funds, is losing ground to rivals.Its listings have declined from a year earlier, with more than 30 ETFs defecting this month for Nasdaq and Bats Global Markets.
Seven more exchange-traded funds will leave the New York Stock Exchange Thursday for rival Bats Global Markets Inc. as exchange competition for ETF listings heats up. And eight more are making the switch next week.
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Citing attorney-client privilege, U.S. law firms keep secret the owners of money that moves into and out of their pooled accounts, a money-laundering vulnerability that U.S. prosecutors say was exploited in a multibillion-dollar fraud at Malaysian state fund 1MDB.
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The debts of Donald Trump and his businesses are scattered across Wall Street banks, mutual funds and other financial institutions, broadening the tangle of interests that pose potential conflicts for the incoming president’s administration.
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A $1.8 billion futures trade that fueled buying in the U.S. stock market last week was the biggest transaction of its kind all year, according to new analysis, and comparable in size to the “fat finger” trade said to have set off the May 2010 “flash crash.”
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A sharp move in stock-market futures that fueled the Dec. 7 buying in U.S. equities likely reflected trading by multiple buyers, not just one, said a market-data firm in a shift from its prior conclusion, published by the Journal.
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NYSE Arca, the largest listing venue for U.S. exchange-traded funds, suffered a trading glitch for a second straight day on Tuesday.
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A software glitch forced the largest U.S. venue for exchange-traded funds, NYSE Arca, to close for 15 minutes on Monday, the latest snafu to raise questions about the reliability of markets that rely increasingly on high-speed computers.
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Mutual funds and brokerage firms have been struggling with how to conform sales arrangements with stricter conflict-of-interest rules passed this year by the Labor Department.
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After all the unexpected twists and turns of 2016, the market ended on a high note. But how should investors position their portfolios now? Blackrock's Martin Smallhighlights three investment themes for 2017-and iShares ETFs to play them-in his most recent note. First: inflation. Even before the election, trends of reflation, like rising wages, higher core inflation, a stronger dollar and stabilizing oil were on the rise.
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