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Sabrina Willmer

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FIDELITY HAS PULLED $500 million from Fisher Investments after the firm’s founder Kenneth Fisher made offensive comments about women at a conference. / BLOOMBERG NEWS FILE PHOTO/GILLIANNE TEDDER

Fidelity pulls $500M from Fisher as big clients flee

NEW YORK – Fidelity Investments Inc. is pulling the $500 million it has invested with Ken Fisher’s investment firm, according to people familiar with...
FIDELITY INVESTMENTS has increased the number of women promoted in the company's stock picking segment following allegations of sexual harassment. / BLOOMBERG NEWS FILE PHOTO/JB REED

Fidelity promotes more women in wake of misconduct allegations

NEW YORK - Fidelity Investments Inc. has stepped up promotions of women in its stock-picking group, which was hit last year with sexual harassment...

Bank of America to merge $87B cash assets with BlackRock

BOSTON - BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks...
ABIGAIL JOHNSON has been named CEO of Fidelity Investments.

Abigail Johnson takes reins at Fidelity after climbing ranks

NEW YORK - Abigail Johnson has climbed the ranks of Fidelity Investments, the company started by her grandfather in 1946, over more than 25...

RBS said to sell stake in private-equity arm to Adams Street

LONDON – Royal Bank of Scotland Group PLC agreed to sell its minority stake in a private-equity unit to an investor group led by...

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