Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal changes under the Trump administration. The bank will no longer have “aspirational” goals for diversity and inclusion, which were referenced …
The New York Stock Exchange plans to start an equities exchange in Texas, the latest firm seeking a slice of the financial services industry in a state where the taxes are lower and regulation looser. NYSE said it will reincorporate …
The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain. Four years later, a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home …
Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged …
On Thursday, trades handled by the world’s largest bank in the globe’s biggest market traversed Manhattan on a USB stick. Industrial & Commercial Bank of China Ltd.’s US unit had been hit by a cyberattack, rendering it unable to clear …
A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets. The top US derivatives regulator wants to update standards and monitoring systems that will help minimize the …
Nasdaq Inc. is pushing back against the US Securities and Exchange Commission’s plans to make publicly traded companies reveal detailed information about their greenhouse gas pollution. The stock-exchange operator urged the SEC to shelve its plans to require businesses to …
Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement with most of the special purpose acquisition companies …
The Boy Scouts of America reached settlement with a major group of sex-abuse survivors, a defining moment in the organization’s bankruptcy case. The Boy Scouts have offered $850 million in cash and other assets to 60,000 abuse victims, including $59 …
Wall Street banks are seeking new legal protections to help avoid a repeat of Citigroup Inc.’s accidental $900 million payment to Revlon Inc. lenders. After last month’s surprise court ruling that let certain Revlon creditors keep $500 million of the …
