Managers of Wealth Americas

JPMorgan expects added $100M penalty for trade surveillance shortcomings

In a regulatory filing Wednesday, the bank disclosed a third U.S. regulator will require it to “pay a civil penalty of $100 million after offsets for amounts paid to the OCC and FRB.”

Goldman Sachs doesn't entirely trust its London bankers with expenses. When the only man is selected from the shortlist

The average person working for Goldman Sachs in London earned £404k last year

JPMorgan's new managing directors include someone who joined from Walmart in 2021

The other new technology MDs at JPMorgan include Charles Lim, the 39 year-old Singapore-based global head of quantum communications

Raymond James Q2 profit rises on strong capital markets performance

Raymond James' asset management revenue rose 17% in the reported quarter to $252 million

Bank of New York Mellon Corp's Dividend Analysis

Bank of New York Mellon Corp has maintained a consistent dividend payment record since 1985

TD and ApplyBoard Collaborate to Support International Students Pursuing Studies in Canada

We are excited to share the news of this relationship with ApplyBoard

Big banks led by Citi continue to trim staff to cut costs

Banks are under pressure to control costs due to the uncertain economic outlook.

Wall Street bosses cheer investment banking gains but stay cautious

Investment banking divisions showed robust growth in the first quarter for the largest U.S. banks, which reported surging revenues and fees.

Bank of America profits drop as key lending revenue weakens

It is a critical contributor to profits for all banks.

Morgan Stanley results contain some sorry truths for its bankers

The most notable revelation from Morgan Stanley's first quarter results, though, is that - like Goldman - it is doing more with less.

Bank of America (BAC) Braces for Earnings - Strategies for Investors

The Charlotte, North Carolina-based bank’s net interest income is expected to hit the upper range of the forecast of between $13.90 billion and $14 billion.

Citi's 7,000 laid off staff were paid an average of $214k each

Cutting juniors is perhaps inevitable

Goldman Sachs' results: Fewer people, higher profits, higher pay

Suddenly David Solomon looks vindicated.

JPMorgan cut Q1 headcount in the investment bank for the first time in 5 years

Citi profit drops as costs rise for employee severance, deposit insurance

The result is a cleaner, simpler management structure that fully aligns to and facilitates our strategy.

Wall Street Banks Regaining Share of Financing Deals

Investment banking fees garnered by banks covered by analysts at Morgan Stanley are expected to rise 19% in the first quarter compared to a year earlier, those analysts said, per the report.

The highest paying investment banks in the world, ranked

Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.

BofA’s people were twice as happy with their pay as UBS’ last year

Respondents happiest with their pay last year worked for Santander.

The biggest multistrategy hedge funds now employ nearly 16,000 people

In the past year, Millennium has added 260 net new investment staff

JPMorgan sets up a dedicated sports investment banking team, memo shows

Dealmaking in the sports industry remained robust last year despite global mergers and acquisitions (M&A) volumes hitting a decade-low.

Investment Banking