Bank of America Corp said on Monday it is rolling out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies.
Pictet Asset Management is opening its first U.S. office in New York City, to be led by Elizabeth Dillon, previously its head of global financial institutions, it said on Monday.
Activist investor Trian Fund Management LP said on Friday that it owns large stakes in Invesco Ltd and Janus Henderson Group Plc and plans to encourage the asset managers to consider strategic options like a merger as the industry faces a wave of consolidation.
The Federal Reserve would likely step-in to support financial markets if the outcome of the U.S. presidential election was contested, a move which would benefit stocks in the tech sector, BofA analysts wrote in their weekly fund flow report on Friday.
Bookmakers in Britain suspended betting on the outcome of the U.S. election on Friday after President Donald Trump said he had tested positive for COVID-19.
