Managers of Wealth Americas

Merrill Loses Advisors Collectively Managing $470M

Michael Kernicky and his two sons, Michael J. Kernicky and John Kernicky have joined Janney’s Media, Pa., office as the Kernicky Group, Janney says.

BMO Capital Markets Announces New U.S. Power, Utilities and Infrastructure Investment and Corporate Banking Group

Hires three managing directors in the U.S.

Goldman Faces Losses on Venezuelan Bond Deal That Drew Criticism

Venezuela bond declines underscore the risk Goldman and its clients took on with an opportunistic investment in a country facing challenges

Houlihan Lokey Launches Syndicated Leveraged Finance Platform

Houlihan Lokey, through this platform, will participate in both committed and best efforts transactions across a broad range of financings

Euromoney names the world’s best banks in its 2018 Awards for Excellence

Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards.

Tiger Global Management builds $1bn stake in Japan's SoftBank

The Tiger Global Investments hedge fund and the Global Long Opportunities fund built the stake over the past few months.

Deutsche Bank fails Fed stress test while 3 US lenders stumble

The Fed also placed conditions on three banks that passed the test.

Goldman, Citi hunker down as trade war hits emerging markets

Investors are increasingly paying heed as the US prepares for a trade war

Nomura Is Said to Cut 28 Global Markets Jobs in U.S.

Nomura plans to work on reducing costs abroad while investing in profitable areas, co-Chief Operating Officer Toshio Morita said at an annual shareholder meeting in Tokyo on Friday.

Easy transatlantic pickings come to end for US banks

An FT analysis on how investment banks have fared in the decade since Lehman failed showed the top five European investment banks suffered a 5 per cent fall in sales and trading revenues and a 53 per cent fall in group-wide net income.

Paul Tudor Jones, Goldman Sachs launch ETF focused on ESG investing

Environmental, social and governance issues, or ESG, is a hot topic in asset management, with an increasing number of institutional investors like pension funds and endowments keen to burnish their credentials as conscientious long-term investors.

New MUFG unit's goal: Get more tech clients

Davidson, who has been with MUFG since 2012, will be responsible for growing a global team of bankers that focus on deepening existing relationships and increasing the group’s roster of technology clients

BofA said to tap brakes on risk, spurring banker departures

The firm has become more selective when asked to advise potentially thorny deals, and it's easing off certain overseas markets, they said.

Morgan Stanley Honors Technology Partners Delphix, Illumio and Qualtrics with Innovation Award at 18th TechWeek & CTO Innovation Summit

“Innovation is deeply embedded in Morgan Stanley’s DNA and crucial to driving our business forward,” said Robert Rooney, Morgan Stanley’s Global Head of Technology."

Morgan Stanley Bank, N.A. Receives Highest Rating from Office of the Comptroller of the Currency for Community Reinvestment Initiatives

The nation’s only bank-sponsored Impact SBIC promotes economic development with a focus on low- and moderate-income communities and rural areas.

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