Signage is displayed outside a Wells Fargo & Co. bank branch in Niles, Illinois, U.S., on Tuesday, July 10, 2018. Wells Fargo & Co. is scheduled to release earnings figures on July 13. Photographer: Christopher Dilts/Bloomberg

The move would potentially set a bleak precedent for an industry that’s been resisting mass layoffs as the coronavirus pandemic worsens.

July 9
3 Min Read

The funds helped the firms offset diminished revenue and preserve jobs, executives say.

July 8
3 Min Read
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Exclusive survey

Almost half of employers are already opening up their offices again — but some challenges lie ahead.

July 7
5 Min Read
Jacob Gottlieb's Altium Capital Management received a loan of up to $350,000 under the Paycheck Protection Program, according to data posted online.

Jacob Gottlieb, whose $8 billion fund shuttered amid an insider trading scandal two years ago, received a $150,000 to $350,000 loan for his new shop.

July 7
4 Min Read
Frims that took PPP loans from SBA 7/06/20

Some advisors have questioned the ethics of taking the loans, intended to help small businesses keep their employees on payroll.

July 6
3 Min Read
David Einhorn’s value-oriented investment strategy has largely gone against market trends in recent years.

The manager is still recovering from losses that started in 2015, when his main fund fell 20%, and deepened with a record 34% decline three years later.

July 1
1 Min Read
The Fed began purchasing corporate bond ETFs on May 12 as part of its effort to prop up credit markets in the midst of the coronavirus pandemic.

The central bank is now the third largest holder of the $54 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).

July 1
1 Min Read
Grappling with coronavirus

Stay up-to-date on the latest COVID-19 news affecting the industry.

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