Northern Trust Global Advisors Inc. has named Heidi J. Levin the vice president of its private equity group.
Ms. Levin's appointment was announced Wednesday. She will focus on sourcing, due diligence, closing, and portfolio management for the Northern Trust Corp. unit's core fund of funds and separate account products.
Prior to joining the private equity group, Ms. Levin was a member of Northern Trust's family business division.
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.
