Abrdn in Talks to Acquire Interactive Investor for $2 Billion
A tie-up would give the Scottish asset manager a stronger foothold in individual investing, which took off during the pandemic.
Berkshire Hathaway's Net Earnings Fall 66%
Warren Buffett's conglomerate said its third-quarter net earnings fell to $10.34 billion, after paper gains from the company's vast portfolio of stock investments declined from a year earlier.
Bank Overseer Nominee Faces Tough Confirmation Battle
The Biden administration's pick for comptroller of the currency, law professor Saule Omarova, says her criticism of the industry is misunderstood.
New York Life's Pitch to Entrepreneurs: Sell Life Insurance
CEO Ted Mathas says its pivot to "cultural markets" in the U.S., rather than overseas expansion, boosted sales and agent recruitment.
Cash-Flush Retirement Funds Struggle to Find Good Investments
State and local pension funds are reaping a historic windfall thanks to billions of dollars in record market gains and surplus tax revenues. Now they need to decide what to do with the money.
Does Sustainable Investing Really Help the Environment?
Tariq Fancy, formerly the sustainable-investing chief at BlackRock, argues it is doing more good for Wall Street than it is for the planet. Alex Edmans of London Business School says the criticism goes too far.
Appeals Court Reinstates Convictions of Platinum Partners Executives
Hedge fund founder Mark Nordlicht and co-chief investment officer David Levy were convicted in 2019 of securities fraud and other charges.
GTCR Pitches New Growth Fund to Investors
The Chicago-based private-equity firm is targeting $1.5 billion for the new fund.
Fed's Powell and Brainard Met With Biden at White House
President Biden held separate meetings with Federal Reserve Chairman Jerome Powell and Fed governor Lael Brainard at the White House on Thursday, according to people familiar with the matter.
SEC Names Nicole Creola Kelly as Whistleblower Program Chief
Ms. Kelly, a senior special counsel at the regulator, takes over from Emily Pasquinelli, who has been the program's acting chief since April.
(END) Dow Jones Newswires