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iCapital Completes Acquisition of SIMON Markets

iCapital, a global fintech platform focused on alternative investments, has completed the acquisition of SIMON Markets. Financial terms were not disclosed.iCapital said that, through...

iCapital Secures Strategic Investment from Bank of America

iCapital, a global fintech platform focused on alternative investments, reported that Bank of America has made a strategic investment in the company. Financial terms...

FINRA Charges Former BofA Analyst with Spending $21,000 on Corporate Card...

The Financial Industry Regulatory Authority has charged Paramveer Singh, a former Bank of America Securities registered representative and research analyst, with charging nearly $21,000...

iCapital Network Appoints Four Senior Executives

​​iCapital Network, an online platform that provides access to alternative investments, has added four senior executives including Michael Kushner as chief financial officer, Jennifer...

iCapital Network to Buy Alternative Investment Feeder Fund Operations from Bank...

iCapital Network, an online platform that provides access to alternative investments, has agreed to purchase Bank of America's alternative investment feeder fund operations businesses...

Merrill Lynch Reverses Ban on Commission-Based Retirement Accounts

Merrill Lynch, the wealth management arm of Bank of America, is reversing its ban on commission-based products in customer retirement accounts following the death...

Merrill Lynch Reconsiders Commission Ban in Wake of Fiduciary Rule Demise

With the demise of the Department of Labor's fiduciary rule, wirehouse Merrill Lynch may reconsider its 2017 policy of banning commissions in retirement accounts,...

Griffin Essential Asset REIT II Reports Higher Revenue, Lower FFO in...

Griffin Capital Essential Asset REIT II Inc., a publicly registered non-traded real estate investment trust, reported its operating results for the first quarter of...

KBS REIT II Closes $500 Million Financing Agreement

KBS Real Estate Investment Trust II, a publicly registered non-traded real estate investment trust, closed a loan facility for up to $500 million.The two-year...