Edition:
India

Imani Moise

Wall Street executives fret as U.S. presidential election is too close to call

04 Nov 2020

NEW YORK, Nov 4 Wall Street and financial industry executives urged caution on Tuesday evening as no clear winner emerged in the hours after polls closed in the 2020 U.S. presidential election, threatening a drawn-out count that keeps markets and businesses hanging.

Analysis: Retail traders position for volatility after U.S. election

03 Nov 2020

NEW YORK Retail investors have been a growing force in 2020, exploding in numbers during lockdowns and helping fuel the rebound in stocks from pandemic-driven lows. Now, as election-related volatility spikes, this new cohort sees opportunities.

Citigroup issues largest-ever private sector social bond

30 Oct 2020

Citigroup Inc said on Thursday it had issued the largest-ever private-sector social bond for affordable housing, part of a more than $1 billion initiative announced earlier this year to combat racial inequality.

Visa profit falls 23% as payment volumes plunge

29 Oct 2020

Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending.

UPDATE 2-Visa profit falls 23% as payment volumes plunge

29 Oct 2020

Oct 28 Visa Inc missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending.

Take a stance or tiptoe away? Corporate America's battle with social activism

27 Oct 2020

Earlier this year, a flood of major U.S. companies pledged to address racial inequality and promote social justice after Minneapolis police killed George Floyd, a Black man, setting off protests across the country.

Morgan Stanley unveils scholarship fund for Black colleges

21 Oct 2020

Morgan Stanley said on Wednesday it will cover college expenses for 60 students at historically Black colleges and universities (HBCUs) in the banking industry's latest attempt to address racial injustice after the death of George Floyd.

Former Goldman executive Chavez reflects on diversity on Wall Street

21 Oct 2020

Former Goldman Sachs Group Inc executive Marty Chavez said on Tuesday Wall Street's position on diversity has evolved since he started at the megabank in the 1990s.

Wall Street veteran Ray McGuire to run for New York mayor

15 Oct 2020

Ray McGuire, one of the senior-most Black executives on Wall Street, is leaving his job at Citigroup Inc to run for mayor of New York in 2021, his spokeswoman said on Thursday.

Morgan Stanley launches Black recruitment program to boost trading unit's diversity

15 Oct 2020

Morgan Stanley is piloting a program to recruit Black talent in its sales and trading division, executives told Reuters, in corporate America's latest initiative to improve diversity after nationwide protests against racial inequality.

World News