Managers of Wealth Americas

Morgan Stanley profits drop 14% on Wall Street slump

Revenues for trading equities and fixed income fell 22% from a year ago and more than 19% from the previous quarter.

The nation’s biggest banks are gearing up for more consumer struggles ahead

Earnings Watch: Netflix and Tesla also report, as Hollywood shuts down and EV ‘euphoria’ fades; Results also due from Goldman Sachs, American Express

Investments in FXCM are being recovered by Jefferies

Jefferies intends to recoup a loan made to FXCM; a company controlled in part by Global Brokerage.

Bank of America Announces Plan to Increase Quarterly Dividend 9 Percent to $0.24 per share

The increased quarterly common stock dividend is subject to approval from the Company's Board of Directors.

Bank of Montreal tops the performance table

A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance. Joy Macknight reports.

Mizuho on U.S. hiring spree with top 10 underwriting goal in sight

Mizuho also wants to cement its position among the top 10 corporate bond underwriters in the U.S.

BofA, Citi ask Fed to clarify bank stress test results

BofA's own analysis implied a worse result than the Fed's test last week, Piper Sandler analyst R. Scott Siefers said in a note published on Monday.

Japan's top lenders in fresh drive to win US investment banking deals

Our strategy is to make better use of our balance sheet and boost returns on risk-weighted assets.

Credit Suisse appoints investment banking management committee

The committee will be supported by other executives such as investment banking CFO Tony Bullman and Chief Risk Officer David Krauss.

Clear Street to Launch Investment Banking Business

Upon regulatory approval, the business will provide strategic advisory, transaction, and creative capital solutions to emerging growth companies.

At JPMorgan, Goldman and Cowen, layoffs mount

Goldman reportedly cut 125 managing directors, lending credence to earlier rumors of a third round of right-sizing at the bank.

JPMorgan, General Dynamics board member Jim Crown dies in accident

He was on JPMorgan's public responsibility and risk committees.

BNY Mellon pushes ahead with diversity funds despite ‘anti-woke’ backlash

Boutique strategy allows bank to offer a range of approaches to ESG

Investment banking has gotten so bad even the lawyers are making more money these days

There are several factors affecting the rise in lawyer pay, as outlined in the story, but perhaps more interesting is how compensation for bankers hasn't risen.

SVB Financial Group agrees sale of its investment banking business, SVB Securities

SVB Financial Group filed for Chapter 11 bankruptcy proceedings in the US back in March following the collapse of Silicon Valley Bank.

Financial Inclusion: Bank of America Surpasses $500M in Equity Investments to Support Minority, Women Entrepreneurs

Not only are fund managers breaking down barriers themselves, “but they are also investing in companies looking to catalyze change.”

SVB agrees to sell its investment banking division

The deal comes after the Federal Deposit Insurance Corporation took over Silicon Valley Bank in March

Goldman cutting more than 30 Asia investment banking jobs

The reduction in regional jobs, most of which are in the global banking & markets division, started on Wednesday, said the sources.

US bank shares rise on inflation data, positive Wells Fargo comments

JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America advanced between 1% and 2%.

Bank of America execs blew $93.6 billion. Here’s how they did it.

It’s time for companies and analysts to stop calling stock buybacks a ‘return of capital’ to shareholders