The number of Black employees holding executive-level roles at Morgan Stanley Investment Management has remained unchanged since 2019, despite CEO James Gorman's commitment to diversity after George Floyd's death last year. Here's what else we learned from data the firm disclosed to an investor.
JPMorgan is axing upfront fees from the 529 education savings plan, a popular investment account meant to help people save for college. The move is part of the bank's larger plans to set itself apart in a highly crowded wealth industry. Get the full rundown here.
JPMorgan's purchase of restaurant-review website The Infatuation could be Wall Street's weirdest - and smartest - deal of the year. Financial firms are increasingly leaning on content and perks to woo customers, and for JPMorgan, acquiring The Infatuation is a way to increase its perks and retain customers in the process.
Morgan Stanley just tapped Sheena Shah to lead its new cryptocurrency research team, according to Bloomberg. What we know so far.
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