Latest News

TCW says former managing director suing firm was fired for compliance violations

COURTS -

COURTS -

TCW said in its response to a sexual harassment complaint that it fired the plaintiff for cause due to repeated compliance violations.
American Airlines books $467 million pension contribution for 2018

PENSION FUNDS -

PENSION FUNDS -

American Airlines Group expects to contribute $467 million to its pension plans in 2018.
Walmart's 10% stock drop spells trouble for its 401(k) plan

Markets -

Markets -

Walmart Inc.'s stock dropped 10.18% on Tuesday to $94.11 per share, causing a large impact on its 401(k) plan.
Fed minutes show optimism increasing at January meeting

MARKETS -

MARKETS -

Members of the Federal Open Market Committee declined to raise interest rates at their January meeting, but were more optimistic about the economy.
Spotify's founders aren't giving up control any time soon

GOVERNANCE -

GOVERNANCE -

Spotify's co-founders plan to maintain control over the music service after its stock listing by holding shares with super voting power.
EBRI: 'Very little growth' in HSA enrollment 2014-2017

HEALTH SAVINGS ACCOUNTS -

HEALTH SAVINGS ACCOUNTS -

Enrollment in health savings accounts demonstrated "very little growth" between 2014 and 2017.

PRIVATE EQUITY -

PRIVATE EQUITY -

Carl Stanton was named managing director and head of private equity at Invesco as part of the manager's effort to broaden its private equity capabilities.
SEC issues guidance on corporate cybersecurity disclosure to investors

REGULATION -

REGULATION -

The SEC approved an interpretive guidance for public companies on how to prepare disclosures about cybersecurity risks and incidents.
AT&T to dial up $560 million in pension contributions in 2018

PENSION FUNDS -

PENSION FUNDS -

AT&T expects to contribute $560 million to its pension plans in 2018, said the company's 10-K filed Tuesday.
FirstEnergy pumps $1.25 billion into pension plan in January

CONTRIBUTIONS -

CONTRIBUTIONS -

FirstEnergy Corp. disclosed in its 10-K filing on Tuesday that it contributed $1.25 billion to its qualified pension plan in January.
Aon outlines $177 million in contributions to global pension plans

Pension Funds -

Pension Funds -

Aon PLC plans to contribute a total of $177 million to its global defined benefit plans in 2018.
Segal Marco Advisors draws line on issue of gender diversity

GOVERNANCE -

GOVERNANCE -

Segal Marco Advisors will begin voting against the nominating committees of U.S. corporate boards that do not have female directors.
HSBC's new CEO says he's open to asset management deals

Money Management -

Money Management -

HSBC Holdings' new CEO John Flint says he's exploring all options for the lender's asset management unit, including a merger.

Asset Servicing -

Asset Servicing -

Sunil Daswani left Northern Trust, where he was head of international securities lending, a spokeswoman said.
Trump infrastructure plan gets $2 trillion nudge from Australia

Infrastructure -

Infrastructure -

President Donald Trump's pledge to fix America's ailing infrastructure may get an unlikely boost from retirement savers some 10,000 miles away in Australia.