Investment products

JPMorgan Chase creates investment product for Black-owned banks


The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement.


Labor Dept. plan to replace fiduciary rule catches flak from all sides


Banks and other financial firms say the proposal to reverse restrictions on investment advisers does not go far enough. Meanwhile, investor advocates say it would loosen necessary protections.


Bank of America's Merrill Edge goes to zero-dollar trades amid price war


The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible.


'This is how money should be': Digital asset pioneer Erik Voorhees


In an in-depth Q&A, early bitcoin adopter Erik Voorhees, founder of the crypto exchange ShapeShift, discusses a new acquisition, an experimental investment product and the future of his industry.