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BNY Mellon to buy Cutwater Asset Management

BNY Mellon

BNY Mellon announced Monday that it has reached an agreement to acquire Cutwater Asset Management, a U.S.-based fixed income and solutions specialist with a 20-year track record and approximately $23 billion in assets under management.

Working until you die

Hard Hat In Office Tray

An aging population, increased life expectancy and better health care mean that today's forty-somethings are gearing up to work another 30 years.

Ex-Jefferies trader free to appeal conviction

American courtroom

A federal appeals court has determined that Jesse C. Litvak, a former senior trader at the Jefferies, can stay out of prison while he appeals a conviction of defrauding investors in mortgage-backed securities.