Managers of Wealth Americas

Fed approves Chinese purchase of US lender

The Fed also approved an application by the Bank of China to set up a branch in Chicago and an application by the Agricultural Bank of China Limited to establish a branch in New York City.

Nomura Targets 100 Top Executives in Investment Banking

The unit expects to have about 100 managing and executive directors within three to five years, up from 38 now, James DeNaut, head of investment banking for the Americas, said in an interview in New York.

Bank of America Selects a Team at WPP as Its Branding and Advertising Agency

Bank of America has announced it has selected Team Bank of America at WPP as its global agency of record after an extensive review.

Bank takes famous name, poises for future

York, a career banker, helped organize the bank six years ago as Bank of North Las Vegas, when the region's economy was still robust and new-home developments were attracting residents and businesses to Las Vegas.

City National Bank to Acquire Rochdale Investment Management

Rochdale will be combined with City National Asset Management to create an $18 billion investment management firm called City National Rochdale Investment Management.

Signature Bank's first-quarter results reach new high

This increase is primarily due to growth in average interest-earning assets. Total assets reached $15.28 billion at March 31, 2012, an increase of $2.9 billion, or 23.4 percent, from $12.38 billion at March 31, 2011. Average assets for the 2012 first quar

JPMorgan poised to sell U.S. metal concentrate unit

JPMorgan Chase is close to selling its U.S. metal concentrates trading arm and could announce a deal as early as Monday, two sources who were informed of the deal told Reuters this week.

BNY Mellon overcomes outflows to see 3.8% asset rise

For the latest quarter, the company reported net outflows of $2 billion, with $7 billion of net inflows for its long-term strategies more than offset by $9 billion in money market outflows.

Bank of America Reports First-Quarter 2012 Financial Results

"The narrowing of our credit spreads reflects the significant progress we've made to strengthen the balance sheet," said Chief Financial Officer Bruce Thompson.

Morgan Stanley reports Q1 results

James P. Gorman, Chairman and Chief Executive Officer, said, "This quarter is further evidence that Morgan Stanley has rebounded from the financial crisis of 2008 and is in a significantly stronger position.

Gorman’s Lonely Quest to Save Wall Street’s Honor

There has been a noticeable dearth of leadership on Wall Street after the financial crisis.

Goldman Sachs earnings more than double ‎

Goldman Sachs earnings more than doubled in the first quarter, as the Wall Street firm benefited from the best quarter for U.S. stocks in years.

Wells Fargo reports robust results

The bank's Iowa-based mortgage division did well in the first quarter.

Citigroup first quarter profit falls

Citigroup Inc reported a lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.

JPMorgan on top in revenue war, Goldman sags: Study Close

JPMorgan's investment banking revenue - from advising on deals and trading in equities, bonds, currencies and commodities - was $22 billion last year, down 13 per cent from 2010.

Bank of America to restructure, integrate business divisions

The company will also integrate the middle-market and large corporate lending to create a larger business-banking division, which will now include trading and underwriting securities and investment banking.

JP Morgan revenues rise but legal costs trim profits‎

JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.

James Caan on the rise of Islamic finance

As a result, he is an expert at delivering the perfect pitch and getting his message across.

Banco Sabadell to Open Representative Office in New York

The office will act as a liaison between the parent bank and overseas clients, while allowing the bank to establish business opportunities within the fields of project finance and corporate banking.

Morgan Stanley Expands Pay Clawbacks

Morgan Stanley, the investment bank that added clawback rules to compensation packages in 2008, expanded the types of pay that managers can be forced to return and the list of misconduct that might trigger a penalty.