The DWS Scudder division of Deutsche Asset Management said Monday that it has hired Douglas Beck as its head of product management.
Mr. Beck was an executive director for product management at UBS Global Asset Management, where he was also president of the UBS Mutual Fund family. Previously, he worked at Merrill Lynch & Co. Inc. and at Raymond James Financial Inc.
DWS Scudder had $650 billion of assets under management globally on June 30.
Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.
Regulators say the Mississippi-based depository satisfied the terms of the $5 million settlement it reached with Biden administration officials in 2021.
The stablecoin issuer has kicked off its initial public offering after reportedly delaying it due to macroeconomic uncertainty caused by Trump's tariff plans last month. It first filed its S-1 with the Securities and Exchange Commission in April.
Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.
The Federal Reserve and several industry groups agreed to put an indefinite stay on their legal fight over the annual examination process.
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
