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(Reuters) - Robinhood Markets Inc is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.
The biggest Silicon Valley companies have responded to complaints about unequal pay by disclosing the gaps between men and women doing similar work. But not Oracle Corp.
State Street Corp has tested a blockchain system that it hopes can be used to streamline the securities lending process as the financial industry accelerates efforts to adopt the emerging technology.
The Financial Services Information Sharing and Analysis Centre said it had formed a unit to enhance collaboration among its members and the US government as a way to help reduce cyber security threats to the financial system.
Activist hedge fund Starboard Value LP moved on March 24 to overthrow the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm.
Big Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better shape, are now trying to sell technology they've developed in-house to other companies.