Managers of Wealth Americas

Bank of America allows trading from home after staff backlash

Lender forced to overturn ban and join US rivals in permitting remote execution of trades

Goldman injects $1 billion into own money-market funds after heavy withdrawals

SEC rules dictate that funds have to keep at least 30% of their portfolios in securities that can be converted to cash in five business days so they can meet investor redemptions.

Wells Fargo pays new CEO $34.3 million in 2019 compensation

Scharf was hired as Wells Fargo’s third chief executive since October 2016.

Coronavirus recession tipped to transform investing

A COVID-19 recession is likely to fundamentally shift how we live, do business and invest.

Who should be nervous about Goldman Sachs becoming more bank-like? 'Everyone'

At the investor day, management unveiled plans to roll out Marcus-branded wealth management services later in 2020 and checking accounts in 2021.

After 52 Years at Merrill, Duo Producing $7.5 Million Goes Indie with RayJay

Goetzman, whose father worked at Merrill for nearly 40 years before he retired in 2000, has been listed as a top 1,200 advisor in the nation by Barron’s magazine every year since 2010.

BEE through Sovereign Wealth Fund would be more equitable

From an outsider’s point of view the deal is very risky, given South Sudan’s history, but sources indicate that that the upside could be huge.

JPMorgan, Goldman Expand Trading Lead as Europe Retreats

Goldman’s share of the $48 billion pool of revenue generated from investors’ bets on stocks and related derivatives surged by 1.5 percentage points, the biggest gain by far in a market that shrank 10%.

Will Goldman’s New Mandate Create A Board Diversity Movement?

While board diversification for IPOs will most certainly be an expectation in the near future, leadership teams at-large should consider setting the same standard.

Morgan Stanley is buying E-Trade for $13 billion

Trading has become a commodity business because of popular trading apps like Robinhood, which recently raised money in a funding round that valued the company at $7.6 billion.

Bank of America Concerned About “Double Bubble”

The fact that Bank of America has come out and said that they are worried about a bubble being created that may burst with both stocks and bonds is pretty curious, as at first glance you wouldn’t think either is suspect, at least if you understand a

Barclays the latest bank to lower Brazil GDP forecasts

Central bank president Roberto Campos Neto said last week that economists reckon the hit to 2020 growth from the coronavirus could be up to 0.4 percentage point.

Wells Fargo among corporates selling bonds

San Francisco-based lender raises a billion Canadial dollars’ worth of seven-year bonds

Exclusive: HSBC to axe senior managers in strategy shift - sources

While it was not clear how many jobs would go, the people said the planned move would mainly hit operations in London and to a lesser extent in Asia, which contributes nearly 90% of the bank's profits.

Morgan Stanley Investment Management launches Developing Opportunity Fund

The Fund invests primarily in companies with capitalisations within the range of companies included in the MSCI Emerging Markets Net Index.

Evercore Inc.: Taking Steps To Stay On Track

These lower numbers beat estimates however, so investors were not taken by surprise by the drop.

Goldman Sachs swims against tide in South Africa

GSIB is also listed on the currency markets of the Johannesburg Stock Exchange, the South African stock exchange.

Goldman Targets 20% Growth in U.S. Advisors

The investment bank lists 13 private wealth management offices in the U.S. and one in Brazil on its wealth unit’s website.

UBS to Hire 20 Managing Directors to Boost Investment Bank

New investment bank strategy is focused on four core areas

The Top 50 Investment Banking Firm Rankings for 2020

On Tuesday, January 28, Vault.com released its annual Banking 50, a ranking of the best investment banking firms to work for in North America.