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.
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 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 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.
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.
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 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 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.
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 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.