Managers of Wealth Americas

Wall Street just got another sign that dealmaking is on its way back

Big banks reaped higher profits from a recovery in M&A, IPOs, and debt underwriting over the first half of 2024.

Bank of America chief Brian Moynihan raises eyebrows by taking on chancellor role for Corporation of Brown University

Those eyebrows got even wider when Brown took idiotic wokeness to new levels.

Banks Ready to Forget Pain of Hung Debt Go Big on Buyout Funding

Undaunted, large banks are once again making aggressive moves.

JPMorgan Aims to Expand in Africa and Scandinavia

And a report Wednesday from Reuters notes that CEO Jamie Dimon plans to travel to Kenya, Nigeria, South Africa and Ivory Coast next month to boost the bank’s expansion in Africa.

Chase, Bank of America crack down on startling workplace trend

The Journal revealed that Chase, in most cases, will cap work hours for its junior investment bankers to 80 hours a week.

JPMorgan expands Morgan Money platform with new treasury and cash management capabilities

It's important that we provide our customers with the best resources available to conduct trades efficiently while providing exceptional client service

JPMorgan seems to be having trouble hiring generative AI professionals

It's since posted another similar listing in London, and at the start of August, JPMorgan opened another VP vacancy in the CDAO in New York, paying a salary of up to $260k.

Piper Sandler Completes Acquisition of Aviditi Advisors

Aviditi Advisors will operate as Piper Sandler’s private capital advisory group.

European banks’ US fee share shrinks to 11% ahead of Wall Street hiring push

EU lenders’ cut of the Wall Street dealmaking pie has nearly halved over 10 years

JPMorgan American Investment lifts dividend and outperforms benchmark

The trust attributed this outperformance to its portfolio weighting towards large-cap holdings, particularly in the IT sector, which accounted for 94% of assets.

FE International Establishes Investment Banking Broker-Dealer Offering Public M&A Advisory and Private Placement Services

The FE International family of companies includes our award-winning M&A business

Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals

In response to the EU's bonus restrictions, Citi and other banks had implemented role-based allowances

Scotiabank expands US footprint with strategic $2.8bn investment

Scotiabank's investment in KeyCorp expands its North American presence with a 14.9% ownership stake

Houlihan Lokey to Acquire Waller Helms Advisors

On a pro forma basis, and according to data from LSEG, the new combined group now ranks as the No. 1 advisor for all global M&A transactions in 2023

Life Insurance International

Waller Helms Advisors to be acquired by Houlihan Lokey

Wall Street Investment Bank Hit With $16 Million Fine in SEC Messaging Probe

Piper Sandler settles investigations into unapproved business communications.

JPMorgan Chase's $1.2B cash-reserve boost leads big banks as lenders brace for slowing economy

JPMorgan Chase's larger balance-sheet buildup stands out partly because it's the U.S.'s largest bank, with quarterly earnings that topped $18 billion in the second quarter alone.

Wall Street banks’ graduate applications swell to record highs as intakes shrink

Internship applications have swelled, while banks have trimmed class sizes amid a tough economic environment

Evercore's average pay rose 30%, to $197k in a single quarter

The increase was overwhelmingly driven by advisory (M&A) revenue, which increased 52% in Q2.

With no big deal safe, investment bankers move to safeguard fees

At stake is the dealmaking revenue of the top investment banks in North America and Europe.