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Tuesday, September 22, 2020
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Margaret Collins

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PRESIDENT DONALD TRUMP plans to issue an executive order Friday directing his administration to make it easier for small businesses to band together to set up retirement-savings plans. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Trump wants retirement saving rules expanded for small companies

NEW YORK - President Donald Trump plans to issue an executive order Friday directing his administration to make it easier for small businesses to...

Massachusetts challenges robots’ role as investment advisers

NEW YORK - Massachusetts’ chief securities regulator is pushing back against automated investment services, saying it’s not clear that they can act in the...

Fidelity reaps rewards as banks lose bond muscle

NEW YORK - Paul Volcker hasn’t endeared himself to Wall Street bond dealers. That’s just fine with Fidelity Investments. While the U.S. Dodd-Frank Act’s Volcker...
PRESIDENT BARACK OBAMA during his State of the Union address Tuesday announced a new retirement plan for Americans who don't have access to a 401(k) plan, which would allow workers to invest part of their weekly pay in U.S. government bonds. / BLOOMBERG PHOTO/LARRY DOWNING

Obama unveils retirement-savings for workers lacking 401(k)

WASHINGTON – President Barack Obama is offering more Americans the chance to put away money for retirement through payroll deductions with a plan for...

BofA attracts record new assets in ’12

CHARLOTTE, N.C. – Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit-servicing retirement and other employee-benefit...
THE AVERAGE BALANCES in employer-sponsored accounts is at the highest level since 2000, according to Fidelity Investments. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Fidelity says 401(k) balances reached highest level last quarter

NEW YORK - Fidelity Investments, the largest provider of 401(k) retirement plans, said average balances in employer-sponsored accounts reached the highest level since it...
BANK of AMERICA Corp. divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc. for its college-savings program. / BLOOMBERG FILE PHOTO/JIN LEE

BofA dropped by Sallie Mae as Barclays wins college card

NEW YORK - Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc....

Survey: Most affluent would raise Social Security age

NEW YORK - Affluent Americans support raising the Social Security age because people are living longer, a Bank of America Corp. survey said Wednesday. About...

REITs attract most cash since 2006 as U.S. investors seek yield

NEW YORK - For the last decade, through two recessions, Michael Agran has dedicated 20 percent of his investment portfolio to real estate investment...

Employers spruce up benefits to keep older workers, BofA says

NEW YORK - Employers are sprucing up benefits such as flexible work schedules and retirement planning to retain older workers, according to Bank of...

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