Christopher Condon
Fed reviews bank supervision as Senate committee begins hearings
WASHINGTON - On the eve of a Senate hearing today into whether the Federal Reserve has been “captured” by the institutions it is supposed...
Jobs report bolsters Yellen’s caution on raising interest rates
(Updated, 12:35 p.m.)
WASHINGTON - Investors betting the Federal Reserve will accelerate its timetable for an interest-rate increase may have to think again after Friday’s...
State Street eliminates 400 jobs in fourth round of cuts
BOSTON – State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as...
Fidelity operating income rises 13% on stocks rally
BOSTON - Fidelity Investments, the second-largest U.S. mutual fund company, reported a 13 percent increase in operating income last year as the rally in...
Fidelity investing head Ronald O’Hanley to leave in February
BOSTON – Fidelity Investments said Ronald P. O’Hanley, the firm’s head of asset management since 2010, will leave at the end of February, without...
BNY Mellon settles with Mass. on foreign-exchange prices
BOSTON – Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle...
Fidelity’s operating income falls 29% as clients pull money
BOSTON - Fidelity Investments, the second- largest U.S. mutual fund company, said operating income declined 29 percent as fee pressure, low interest rates and...
Fidelity names Feingold to succeed Lange at Magellan Fund
BOSTON - Fidelity Investments named Jeffrey S. Feingold to run the $17.4 billion Magellan Fund, replacing Harry Lange who oversaw a two-thirds decline in...
State Street’s $885 million tax refund sparks Boston protest
BOSTON - An expected $885 million tax refund for State Street Corp., the third-largest custody bank, helped spark a protest against big banks in...
State Street cuts 5% of work force as low rates squeeze...
BOSTON - State Street Corp., the third-largest custody bank, said it will cut 1,400 jobs beginning this week and trim real estate costs as...
