Asset Allocation
New York State Comptroller Files Diversity Proposals
Thomas DiNapoli is calling for more accountability from portfolio firms regarding corporate diversity, equity and inclusion.
Tag: Citigroup
Asset Allocation
Kentucky Retirement System Trustees Say It Is Not Subject to State’s Anti-ESG Law
The board of the County Employees Retirement System informed Kentucky’s treasurer that the 2022 law conflicts with CERS’ fiduciary duties.
Newsmakers
NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
Newsmakers
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
Risk
Six Major Banks Join Fed Pilot Program to Improve Climate Risk Analysis
The firms will analyze the impact of hypothetical climate scenarios on specific portfolios and business strategies.
A Delicate Dance: How Top Transition Managers Move Assets in Troubled Times
Diplomacy, market savvy and trading expertise are vital qualities here.
Newsmakers
Why Sometimes Ya Just Can’t Trust Payroll Estimates
Economist Gary Shilling shows how Wall Street projections and the actual official report can be way off.
Corporate Moves
Citigroup Launches Digital Asset Unit
Digital Assets Group will be co-led by Alex Kriete and Greg Girasole.
Research
About That Tech Slowdown: The Big Digital Tomorrow Will Restore Its Place
Legacy stocks are leaders now, but 5G and other digital revolutions promise to return the disregarded innovators of yore to the fore again, Citi says.
Market Moves
Dimon: Minimum Tax on Corporate Proceeds Abroad Is a Very Bad Idea
JPM chief, joined by Citi’s Fraser, says Biden plan will backfire on the US.
Market Moves
Follow-Up: The Dollar Is Headed Higher, But for How Long?
Long-term forces are not the greenback’s friend, a new study finds.
Market Moves
UBS: Where to Invest as the Dollar Keeps Weakening in 2021
Some asset classes stand to do very well, the bank finds, with no end in sight to the buck’s free-fall.
Asset Allocation
If You Think the Dollar Has Lost Value Now—Just Wait
The buck, off almost 5% in 2020, could dive another 20%, Citigroup warns.
Risk
Citigroup Targeted by Lawsuit from Florida City Pension in Revlon Mess
The bank’s $900 million mistaken payments to Revlon creditors have harmed its stock, which the retirement system and others are invested in, suit says.
Coronavirus - COVID-19
The Worst Might Be Over for Stocks, JPM Says
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.