Bloomberg Goldman Sachs Group Inc. said it would commit $25 million to a five-year program aiding historically black colleges and universities. In its first year, the initiative will include 125 students who will get training in fundamental finance skills, the New York-based company said in an emailed statement. “Diversity is an imperative for our organisation,” Chief Executive Officer David Solomon ...

Bloomberg Ex-UniCredit SpA Chief Executive Officer Jean Pierre Mustier plans to raise funds for a special purpose acquisition company (SPAC), the latest former top banker to take advantage of the trend for blank check vehicles. Mustier, who left UniCredit last week after a boardroom power struggle, plans to work on the SPAC with former Bank of America Corp. executive Diego ...

Bloomberg A three-decade high for Japan’s soaring stocks is adding to pressure on the Bank of Japan (BOJ) to tweak its buying of exchange-traded funds (ETFs), according to the former head of its financial markets department. “Shares could be rising on a bubble and the BOJ could be helping inflate that bubble,” Hiromi Yamaoka said in an interview, the same ...