Managers of Wealth Americas

Citigroup's Sandy Weill backs separation of high street and investment banking

Banker who once encouraged the US to repeal the Glass-Steagall Act suggested that the types of financial firm he had helped to create should now be broken up

Evercore Partners Reports Second Quarter 2012 Results; Quarterly Dividend of $0.20 Per Share

Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a lo

Citic Securities to Acquire Credit Agricole's CLSA unit‎

Chairman Wang Dongming entered exclusive talks with Credit Agricole in March over the French bank’s remaining CLSA stake to add overseas research, brokerage and investment banking to Citic Securities’s operations.

U.S. Banks Spawn 10,000 Units to Cut Tax Bill

Critics including Thomas Hoenig, a Federal Deposit Insurance Corp. board member, say the biggest firms are too complicated to manage.

Europe's banks stage U.S. retreat

Bank failures, asset writedowns and the sale of loans and businesses have sent US assets of eurozone banks tumbling by $540bn from their $1.51tn peak in September 2007.

Oppenheimer Reaches Deal With RBS Citizens on Mid-Market Clients

“We focused on the two areas of financial advisory and equity capital markets because those were areas that we saw as imminent needs of our customers,” Matthews said in a phone interview. “It was a nice dovetailing of interests and capab

Morgan Stanley closes a bleak bank earnings season

The report capped a dismal season for the banking industry.

BofA plans $3 billion of new cost cuts; posts second-quarter profit

The second largest U.S. bank cut costs 25 percent in the second quarter, helping it post a slightly larger than expected profit of $2.5 billion after posting a loss the year earlier.

Bank of America Reports Second-Quarter 2012 Net Income of $2.5 Billion or $0.19 Per Diluted Share

Global Wealth and Investment Management Reported Record Asset Management Fees of $1.6 Billion, Driven by Market Gains and Solid Long-term Assets Under Management Flows First-lien Mortgage Originations up 18 Percent From Q1-12

BNY Mellon AUM dips slightly for quarter; rises over 12 months

The latest inflows were partially offset by $14 billion of outflows from money market offerings.

Goldman's golden egg turns leaden; bank plans cuts

In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.

Credit Agricole Said Near Exclusive Cheuvreux Talks With Kepler

Credit Agricole SA is close to entering exclusive talks with Kepler Capital Markets SA on a potential combination of the French bank’s trading and research unit CA Cheuvreux, according to two people familiar with the plans.

Barton Biggs, Morgan Stanley strategist who foresaw dot-com crash, dies at 79

Mr. Biggs was a money manager whose attention to emerging markets during a 30-year career at Morgan Stanley made him one of the first global investment strategists.

US banks reducing exposure to Europe

Banks’ risks tied to those countries, as well as Italy, Ireland and Portugal, declined to $181 billion (Dh665 billion) in country-risk claims, according to a Hamilton Place Strategies LLC study to be released on Monday.

Is it time to ring-fence investment banks from themselves?

This, the cacophony argues, should either take the form of a full Glass-Steagall-style separation or the ring-fencing of the banks’ retail and small business banking arms to protect them from their nastier and larger investment banking cousins.

Citi second-quarter profit falls, old assets sting

Citi Holdings' losses widened to $920 million in the second quarter from $661 million in the same period a year earlier.

FN100 methodology: Investment banking

In previous years, the investment banking category has included the heads of the corporate and investment banking arms of European banks, mainly because their group chief executives were included under the ‘chief executives’ category.

All eyes on JPMorgan as banks report earnings

JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest rate manipulation.

The Real Loss For Jamie Dimon And JPMorgan Chase: Their Integrity

The disaster that has emanated from JPMorgan’s chief investment office continues to grow.

Cambria's Bank of America branch to close in November

Inquiries by The Tribune determined that there are five employees at the bank, all of whom expect to be transferred to other Bank of America locations within San Luis Obispo County.

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