News
UK DB Pension Schemes Lose up to £250m a Year Due to Use of Less Tax-efficient Funds, Research by AMX and Northern Trust Reveals
UK defined benefit (DB) pension schemes are losing out on over £250m of additional income per year in their global equity portfolios because they are investing via less tax-efficient fund
Discover Financial Services Announces Second Quarter 2020 Earnings Release on July 22, 2020 and Conference Call on July 23, 2020
Discover Financial Services (NYSE: DFS) plans to report its second quarter 2020 results after the market closes on Wednesday, July 22, 2020. The earnings release will be available through
E*TRADE Releases Monthly Sector Rotation Study
E*TRADE Financial Corporation (NASDAQ:ETFC) today released the data from its monthly sector rotation study, based on the E*TRADE customer net percentage buy/sell behavior for stocks that comprise
Increasingly Confident, Brokers Are Exploring a Variety of Breakaway Paths to Becoming Independent RIAs: TD Ameritrade Institutional Survey
While brokers have been breaking away from Wall Street for more than a decade to launch their own registered investment advisor (RIA) firms, they are increasingly confident in their ability to make
State Street Corporation Announces Date for Release of Second-Quarter 2020 Financial Results and Conference Call Webcast
State Street Corporation (NYSE: STT) plans to announce its second-quarter 2020 financial results on Friday, July 17, 2020 at approximately 7:30 a.m. EDT. The results will be reviewed via webcast
American Express Provides Update on Its Capital Plans
American Express Company (NYSE: AXP) provided an update today on its capital plans following further instructions from the Board of Governors of the Federal Reserve System regarding the 2020
Vast Majority of Insurers are Confident in Fund Managers Navigation of the Financial Markets through COVID-19, State Street Survey Reveals
State Street Corporation (NYSE: STT) today announced new research[1] which reveals that 78 percent of insurers are confident their asset managers can navigate the current financial crisis caused by
Fifth Third Releases Stress Capital Buffer Requirement
Fifth Third Bancorp (Nasdaq: FITB) today released its indicative stress capital buffer requirement resulting from the Federal Reserve Board’s (“FRB”) 2020 Comprehensive Capital Analysis and Review
Discover Discloses Stress Capital Buffer and Planned Capital Actions
Discover Financial Services (NYSE: DFS) today announced that the company has received the results of the Federal Reserve’s 2020 supervisory stress testing and capital plan review exercise
Morgan Stanley Announces June 2020 CCAR Results
On June 25, 2020, the Board of Governors of the Federal Reserve System released its CCAR 2020 results and notified Morgan Stanley (NYSE: MS) that it will be subject to a Stress Capital Buffer (SCB)
State Street Corporation Announces Preliminary Stress Capital Buffer Requirement, Planned Continuation of its Quarterly Common Stock Dividend of $0.52 per share and Release of its 2020 Dodd-Frank Annual Stress Test
State Street Corporation (NYSE: STT) today announced its preliminary inaugural stress capital buffer (SCB) requirement of 2.5% beginning in the fourth quarter of 2020 and the intention to continue
Morgan Stanley Announces $10 Million to Support National Urban League Collaboration
Morgan Stanley (NYSE: MS) is pleased to announce $10 million in grants to support the National Urban League (NUL) and expand a number of critical initiatives in communities where the Urban League
American Express Commits More than $200 Million to Help Get Customers Shopping Small with its Largest-Ever Global Shop Small® Campaign
American Express, which has a long history of backing small businesses, today announced its largest-ever global Shop Small Campaign, that includes a commitment of more than $200 million over the
Fifth Third Bank Partners With Steady to Help Customers Find Jobs and Maximize Earnings Opportunities
Fifth Third Bank, National Association, announced today that it is partnering with Steady and its innovative application to help the Bank’s customers find work and maximize their earnings
Fifth Third Bank and Employees Provide More Than 2.2 Million Meals for Families Across 10 States
Fifth Third Bank’s annual “Feeding Our Communities” initiative, held each year in May, provided more than 2.2 million meals to fight hunger across its 10-state footprint, significantly exceeding
Morgan Stanley, TruFund Financial Services and Ford Foundation Announce Launch of $26 Million Impact Developers Fund
Morgan Stanley, TruFund Financial Services and the Ford Foundation today announced the launch of the Impact Developers Fund. The $26 million fund will provide much needed capital to emerging impact
Wells Fargo Names Barri Rafferty to Lead Corporate Communications
Wells Fargo & Company (NYSE: WFC) today announced that Barri Rafferty will join the company to lead the Corporate Communications function. She will report to Bill Daley, vice chairman of Public
American Express Plans Live Audio Webcast of the Second Quarter 2020 Earnings Conference Call
American Express Company (NYSE: AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 24, 2020 to discuss second quarter 2020 financial results.
Wells Fargo to Sell Global Alternative Investments Feeder Fund Platform to iCapital Network
Wells Fargo & Company (NYSE: WFC) today announced that Wells Fargo Investment Institute, Inc., (WFII) has entered into an agreement to sell its Global Alternative Investments (GAI) Feeder Fund
Barry Sommers Named Wells Fargo Wealth & Investment Management CEO
Wells Fargo & Company (NYSE: WFC) today announced that Barry Sommers will join the company as CEO of Wealth & Investment Management (WIM) on June 22, reporting to CEO Charlie Scharf. Sommers will
State Street’s Private Equity Index Rose to a 4.35 Percent Return in Q4 2019 – Up from Lows of Last Quarter
The State Street ℠ Private Equity Index (SSPEI) posted its second highest quarterly return in the past two years at 4.35 percent return in the fourth quarter of 2019, up from the 0.82 percent
Fifth Third Bancorp Announces Cash Dividends
Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, and Class B
Discover Student Loans Survey Finds Nearly 70% of Parents Are More Worried About Financing College Amid the COVID-19 Pandemic
Parents are now more concerned about how they’ll pay for their child’s college education than before the COVID-19 pandemic outbreak, according to a national survey from Discover Student Loans. The
Morgan Stanley Declares Quarterly Dividends on Its Preferred Stock
Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues:
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Floating Rate Non-Cumulative Preferred Stock, Series A - $252.78 per
TD Ameritrade Institutional Launches Online Tool That Matches RIAs With M&A Opportunities, Successors and Next Gen Talent
Even before travel and face-to-face meetings were shut down by the global pandemic, forming strategic business relationships could be a challenge. But what if advisors could make introductions with