Managers of Wealth Americas

Citi profit beats on surge in investment banking, services strength

Citi had already booked the penalties and additional investments on the data work in the second quarter based on its own estimates of the costs.

Citi Announces it Will Cease its Operations in Haiti

This decision will not have a material economic impact to Citi, nor to its international clients. v

Bank of America said to restrict interns to 60 hours' work a week

In 2014, Bank of America intern Moritz Erhardt died after allegedly working 72 hours without sleep.

Investment bankers feast on first-half fee revenue

Global revenues up driven by debt issuance, M&A advisory fees, LSEG reports

Reed Smith brings together investment bankers and private equity sponsors during Private Equity Healthcare Deal Forum

The day also included a panel discussion on the current state of the healthcare private equity market.

Investment bankers are more overpaid than usual

Bonuses are supposed to fluctuate with market conditions — they are instead sticky

Deutsche Bank Appointed as Successor Depositary Bank for the American Depositary Receipt Program of ABB Ltd

The company’s solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated.

Citi hired a popular Goldman Sachs equities MD as it builds its US equities franchise

Anastasio is understood to have resigned from Goldman in recent weeks.

How corporate America is battling the rise of ‘keyboard frauds’

Employees turn to several methods including ‘keyboard fraud’ as they fight productivity-obsessed corporate American work culture.

Big US banks expected to be cautious on shareholder payouts

With more mid-sized banks in the mix this year, the tests should provide fresh insight into the health of those lenders.

JPMorgan Doubles Miami Offices in Push for Wall Street South

JPMorgan’s South Florida expansion will add an average of $151 million in economic activity to the region

Not Satisfied With Wells Fargo's Dividend? Here's How To Boost It Sixfold

A covered call involves buying 100 shares of the underlying stock and simultaneously selling a call option against those shares.

Leading American investment bank 'downgrades' Europe after French snap election; prefers US

Citi's analysis highlights that European markets have seen a narrowing of leadership, meaning fewer stocks are driving market performance.

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

Investment Banking