Magazine Issue Year 2020

Digital Edition

January/February 2020

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Magazine Issue Year 2020

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New York City Pension Funds

NYC's Lander recommends dropping $42 billion BlackRock mandate

The guidance to reject BlackRock, the city's largest money manager overseeing $42.3 billion of index funds for the pensions, follows a review of the firm's efforts to press companies to decarbonize.

By Olivia Raimonde

1h ago
Federal Reserve

Fed Data: Banks ramp up lending to structured finance

Baby Boomers' annuities purchases continue to fuel banks' lending to collateralized loan obligations, asset-backed securities and special purpose entities.

By John S. Hintze

3h ago
Regulation and compliance

Regulators finalize revised leverage rule for big banks

The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a final rule Tuesday that softens leverage demands for the biggest and most systemically risky banks and lowers the community bank leverage ratio to 8%.

By Ebrima Santos Sanneh

November 25