In The News

Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020.

That indicates they’re pessimistic about financial markets, as investors often hold cash as an alternative to stocks and bonds.

Businesses are balking at the agency’s plan to require them to tally their impact on the environment and the risks they face from climate change.

Harvard Today released its 2020 tax filings, covering fiscal year 2021 (July 1, 2020, through June 30, 2021), including information on the earnings of University leaders, and the accompanying Harvard Management Company (HMC) disclosure of senior employees’ compensation for calendar year 2020.

Pennsylvania’s beleaguered pension fund for educators has hired yet another outside law firm — this time to consider suing the consulting firm that admitted botching a key profits calculation.

James Bateman to shut down value-focused proposition after announcing treatment for cancer.