None other than Vanguard founder Jack Bogle is raising the prospect that too much money is in too few hands, with BlackRock, Vanguard and State Street Corp. together owning significant stakes in the biggest U.S. companies.

ETFs have been very, very good to BlackRock.

Making steep cuts to three socially responsible ETFs is a strategy BlackRock is using to attract investors to this type of fund.

Fidelity is said to be offering buyouts to veteran employees, following in the path of BlackRock, State Street and Pacific Investment Management, as money flows from active to passive funds.

F-Squared in December agreed to pay $35 million to settle a lawsuit brought by the U.S. Securities and Exchange Commission.

State Street is responding to subpoenas from the Department of Justice and the Securities and Exchange Commission for information, the Boston-based firm disclosed today in a regulatory filing.

The younger Johnson, who started her career at Fidelity in 1988 as a mutual-fund manager, has worked in almost every major division at the company.