With younger generations poised to benefit from the so-called great wealth transfer, the wealth gap between Black and white Americans is poised to widen, the Urban Institute says.
Citigroup Inc. is about to be dinged with a lower grade from the Federal Deposit Insurance Corp. over how it handles and manages its data and risks as part of its required living-will document, The Wall Street Journal reported Tuesday.
Some of the mistakes the technology caused include adding nine sweet teas to one customer’s order and offering another an ice-cream cone topped with bacon.
BlackRock is launching two more exchange-traded funds that are actively managed by the firm’s professional stock and bond pickers amid rising investor interest in active ETFs.