07/29/2013
Waddell & Reed's Profit Rises
Asset manager Waddell & Reed Financial Inc reported a 26 percent rise in quarterly profit as net inflows more than doubled.
Investment Banking
07/29/2013
Early Warning for Rating Agencies and Investment Banks
Law firm Corrs Chambers Westgarth has cautioned credit rating agencies, investment banks and investment managers to tread carefully when promoting financial products.
07/24/2013
Evercore Profit Doubles as Investment-Banking Revenue Climbs
Net income rose to $16.4 million, or 44 cents a share, from $7.93 million, or 25 cents, a year earlier, the New York-based firm said today in a statement.
07/23/2013
Morgan Stanley to open office in Santiago
US investment banking firm Morgan Stanley plans to expand its Latin American operations with an office in Santiago,
07/23/2013
Bank of America adds two board members
The additions bring the size of the bank's board to 15.
07/17/2013
Morgan Stanley Revenue And Earnings Beat Expectations
Investment banking giant Morgan Stanley just released its Q2 financial results.
07/16/2013
Former Merrill Lynch president Herbert Allison Jr dies: Bloomberg
He is a former Merrill Lynch & Co president who also oversaw the U.S.
07/16/2013
BNY Mellon's assets inch up in quarter
Assets under management up 10% year-over-year
07/16/2013
Boston Private Financial Q2 Profit Rises
Fee-Based Revenues Held Steady
07/16/2013
American National Bankshares Reports Q2 2013 Earnings
The challenge in this ongoing low rateenvironment is to do that in a cost effective and yet competitive manner.
07/15/2013
Goldman Beats Estimates on Investment Banking, Debt Gains
Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
07/14/2013
Citigroup 42% Profit Rise Tops Estimates
Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.
07/14/2013
Bank of America Merrill Lynch Named 2013 Best Global Small and Medium Size Enterprises Finance House
The awards were presented July 11 at a ceremony in London.
07/11/2013
JP Morgan and Wells Fargo post big jump in profits
The US economy was showing "broad-based signs" of recovery, but consumers and small businesses remained cautious, he said.
07/10/2013
Legg Mason Reports Assets Under Management For June 2013
Legg Mason has reported preliminary assets under management of $645 billion
07/09/2013
Moelis reveals $35m cash pot for bankers
The firm is hamstrung in rewarding staff because their ownership stakes cannot be traded in secondary markets like equity.
07/09/2013
Merrill Lynch makes big changes in managed account program
The renovation will "drastically" reduce paperwork, according to Merrill. Clients at most large brokerages now sign separate contracts for myriad accounts and receive performance reports as well as billing for each investment program.
07/09/2013
Invescos June AUM Declines
The decrease was primarily due to unfavorable market returns, declines in money market AUM and negative long-term flows.
07/08/2013
Investment Managers Bullish on Revenue & Hiring, Set to Ramp Up Spending in Technology, M&A Activity and Geographic Expansion
Despite lingering concerns over regulatory and political uncertainty, investment management executives indicate revenues and headcount are on the rise,
06/30/2013
UBS in drive for $100m New York grand prix
Swiss investment bank UBS has been appointed by the organisers of the planned New York Grand Prix