Assets held in hedge funds rose slightly in August, according to monthly data released Wednesday.
The CSFB/Tremont Hedge Fund Index rose 0.14% in August. Oliver Schupp, the president of Credit Suisse First Boston Tremont Index LLC, said a volatile August for domestic and European equity markets hurt returns.
The hedge fund index declined 0.31% in July but has climbed 2.75% in the first eight months of this year.
The GSEs' financials are strong but odds are against a short-term change to conservatorship that would give stockholders access to their profits, Mizuho said.
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
The Justice Department retreated from its plan to appeal a judge's ruling blocking grand jury subpoenas in the Powell probe, opting instead for a softer legal maneuver that keeps the investigation's future uncertain.
The company is officially releasing a digital asset product that it first announced back in October.
The Canadian bank is using machine learning to analyze customers' payments and provide recommendations to salespeople.
CEO Robin Vince defended the custody bank's use of artificial intelligence Monday, saying that the deployment of AI allows firms to increase their investment capacity.
