Managers of Wealth Americas

New York City’s investment banks are shrinking, while paying more

Average salaries increased by 7.3% on 2024, average bonuses increased by 6%, and average (total) compensation increased by 6.9%.

JPMorgan pilots software to monitor junior bankers' working hours

The heavy workloads endured by junior bankers has long been a concern within the industry.

JP Morgan Chase unveils star-studded council to support athletes' financial well-being

The council, chaired by NBA Hall of Famer Dwayne Wade, will meet periodically to discuss the "unique financial needs of athletes and guide the development of programmes to address them", the bank says.

Jefferies cut its London pay after profits rose 40%

More impressively, its bottom-line income for the year reached £92m ($122m), a staggering 40% increase on the year before.

Banking giant opens Ballantyne office, adding over 500 jobs in Charlotte

“It’s also great for our people to have a place to call that’s ours, for morale, collaboration, that sense of community.”

Morgan Stanley is cutting jobs, Goldman Sachs will probably be next. The secret police at Citi

Morgan Stanley and Goldman Sachs did it in 2025 and now we understand that Morgan Stanley and Goldman Sachs will do it again in 2026.

BNP Paribas made some changes after debatable bonuses

Sources say that John Hanisch, the head of US flow credit and global head of US securitized product trading at BNP Paribas, is leaving.

Former Wells Fargo Advisor Gets Three Years for Real Estate Investment Scam

Andrew Egber pleaded guilty to felony theft and securities fraud in Maryland federal court last week. In addition to Wells Fargo, Egber previously worked for Raymond James and UBS.

Bank of America (BAC) Strengthens Private Credit Platform with $25B Deployment

Bank of America has also put new leadership in place to support the effort.

Morgan Stanley Investment Management Closes Revolving and Rated Private Securitization Backed by Consumer Loans

Approximately $220 million total loan purchase capacity estimated

Banking bonuses are up by 10%. Unless you are the CEO

The smallest went to Jamie Dimon at JPMorgan, who received a 10% pay rise more aligned to his rank and file.

Goldman Sachs delivers contrarian take on the economy

CEO David Solomon sees forces building that many investors overlook.

Wall Street banks are paying their CEOs like it’s 2006 again

The payouts reflect a banner year for the industry, with the nation’s top financial firms posting their biggest annual earnings since 2021

Morning Coffee: When David Solomon really likes you at Goldman Sachs. Dangerous teams in hedge funds

Anyone who works with David knows his respect for women, and his long record of creating an inclusive and supportive environment for women.

Morgan Stanley reinstates Michael Grimes as investment banking chair

He had spent more than three decades at Morgan Stanley before his government stint and was one of Wall Street’s most prominent bankers in the technology sector.

J.P. Morgan takes top spot in Crisil Coalition Greenwich Digital Transformation Benchmark

For the fifth consecutive year, Coalition Greenwich recognized J.P. Morgan Payments as No. 1 across several categories in its most recent Digital Transformation Benchmarking Study.

Boutique bank Perella Weinberg slashed average pay by $350k+

Average pay, assuming 700 employees, went from $1.1m to $765k, a decrease of some $350k - per person.

Bank of America bonuses are out. They may be moderately good

Pre-Christmas, BofA people told us they were expecting a wild 59% increase in their bonuses. This seems unlikely.

Vis Raghavan's latest ex-JPMorgan hire isn't like the others. Davos is making CEOs nervous about saying the wrong thing

Like many of Raghavan's recent hires, he's previously worked at JPMorgan; unlike many, he’s gone from banking, to industry and then back again.

Jim Cramer on Goldman and Other Major Banks: “It Takes a Lot to Get These Stocks Out of Their Tailspin”

The Goldman Sachs Group, Inc. provides financial services, including investment banking, asset and wealth management, and banking solutions.

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