Managers of Wealth Americas

CIBC Mellon Named North America's Best Sub-Custodian by Global Finance Magazine 2024

CIBC Mellon secures the #1 spot for North America in Global Finance's annual ranking of the world's top sub-custody providers.

Pressure mounts on senior bankers as discontent in junior ranks simmers

It is not only junior staffers that are feeling the burden of rising workloads and demands amid intense competition

Goldman Sachs' intern acceptance rate fell nearly 30% this year

Statistics posted by a Goldman social media account showed that the bank had over 315,000 applicants to its 2024 summer internship roles, of which 2,600 became interns.

Xcelerate, Inc. Retains Investment Bank Craft Capital Management to Provide Investment Banking and Up-Listing Advisory Services

Craft Capital, based in Garden City, New York, is an independent full-service securities brokerage firm

Citi's new banking head Raghavan begins as CEO hails his 'intensity'

Citi's CEO Jane Fraser has expressed high hopes for Raghavan

Advisor Ordered To Repay Morgan Stanley $5M In Promissory Note Battle

The investment bank brought the case contending that Frederico Cardona had failed to honor the notes after he left the firm.

JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed

A "hard landing" is, for instance, when the US Federal Reserve tightens its monetary policy by hiking interest rates aggressively to curb high inflation and cool down consumer spending

Jamie Dimon's retirement talk puts new spotlight on key JPMorgan deputies

Marianne Lake and Jennifer Piepszak are considered frontrunners to become the next CEO: 'It's a two-woman race.'

JPMorgan CEO is 'cautiously pessimistic' on economy, successors in focus

We're on the way, we're moving people around

JPMorgan is buying NYCB loans partly to help smaller bank's turnaround: source

JPMorgan ended up buying First Republic in a government-led transaction.

Junior Bank of America banker who died was working over 100 hours a week

Wall Street has grappled for years with overwork among junior staff.

RBC names insider Stopnik as global investment banking head

The bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S.

Bankers Ready for Action

The largest banks in the country have already pounced on the thawing signs.

JPMorgan And Citigroup: Undervalued Giants Poised For Market-Beating Returns

Their solid performance highlights the sector's adaptability and points to potential buying opportunities for astute investors.

Wells Fargo names former JPMorgan executive as co-head of investment bank

Wells Fargo said Rivas will join the lender's operating committee effective immediately

JPMorgan Has Had a Banner Year, Even as Other Banks Struggle

The bank's stock has climbed 26% this year, as Jamie Dimon continues to create value

Citi's head of APAC institutional sales has disappeared

Where there is not clarity is on what Serge intends next.

Goldman Sachs CEO David Solomon says AI 'is something that people are going to have to think very strategically about'

Goldman Sachs Group Inc. Chief Executive David Solomon sees ample opportunity for the investment bank to profit from artificial intelligence, both through deal-making as well as in its internal operations.

Bank of America investment banker dies

Bank of America said "our focus is on doing whatever we can to support the family and our team, who is devastated."

JPMorgan expects added $100M penalty for trade surveillance shortcomings

In a regulatory filing Wednesday, the bank disclosed a third U.S. regulator will require it to “pay a civil penalty of $100 million after offsets for amounts paid to the OCC and FRB.”