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Goldman Sachs has laid the groundwork to launch actively managed exchange-traded funds, the latest Wall Street bank to set its sights on the market.
NEW YORK, Sept 22- Goldman Sachs Group Inc has laid the groundwork to launch actively managed exchange-traded funds, becoming the latest Wall Street bank to set its sights on the fast-growing market.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Cramer rarely likes to play piggyback and follow another investor into a stock. But this is an exception.
Even as BlackRock is set to amass $1 trillion in exchange-traded fund assets, investors increasingly send money to low-cost leader Vanguard.
JPMorgan is launching its first exchange-traded fund on Tuesday.
Three major banks are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by U.S. regulators.
The euro weakened against the dollar, as yield differentials between Treasuries and Bunds widened to multi-year highs.
Vanguard Group CEO Bill McNabb says the idea of tagging some funds as systemically important to the financial system will cost investors.
U.S. stock index futures signaled a lower open on the last day of the week, as fears about the Ukraine-Russia situation resurged.
Stock lending can help ETFs generate extra income. But some managers, like BlackRock, pocket a big chunk of those fees for themselves.
The Fed's drive to wean Wall Street off risky funding sources is expected to bring more pain to the biggest U.S. banks in the coming months.
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.
Some of the names on the move ahead of the open.
The "Fast Money" traders share their final trades of the day.
Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.
Green bonds have taken off over the last year, with more than $10 billion issued in 2013 alone and $25 billion expected in 2014.
Britain's financial watchdog fined State Street U.K. 22.9 million pounds ($38 million) for deliberately overcharging its clients.
Friday's midday movers: