Seven years after selling shares to the public at the height of the buyout boom and then watching them slump, Stephen Schwarzman’s Blackstone Group LP is rewarding investors with the top gains among money managers.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. were among 18 financial firms that agreed to stop participating in some surveys of analyst sentiment while New York investigates early access to the information.
The location of the National Credit Union Administration suits its place in the hierarchy of U.S. financial regulators. Unlike its better-known peers, which are all clustered near the Capitol or the White House, the agency is a 20-minute drive from downtown Washington in good traffic.
The Massachusetts Securities Division is calling on 401(k) plan administrators to report how many companies have shifted to a lump-sum matching contribution once a year, a change that can undermine worker savings.
BlackRock Inc.’s Chris Leavy, who’s been charged with improving the performance of the firm’s active stock funds, is taking medical leave starting today to treat his diabetes and a related cardiovascular condition.
BlackRock Inc., the world’s largest asset manager, said one of its employees is facing a civil proceeding by an Italian securities regulator that alleges he used nonpublic information to avoid 114.5 million euros ($156.5 million) in losses for clients last year.