Managers of Wealth Americas

JPMAM Aims To Raise £100m For Launch of Senior Loans Trust

J.P. Morgan Asset Management is seeking to raise £100m for the launch of an as-yet-unnamed trust investing in senior structured loans.

Legg Mason assets under management dip in August

August total AUM declined from July primarily due to unfavorable markets and outflows in both equity and fixed income

Emerging market M&A volume at record low in first half of 2013 - survey

U.S. companies are exhibiting higher levels of confidence domestically and we're starting to see this translate into increased acquisition activity in emerging markets.

David Brenneman, Morgan Stanley Equity Risk Manager, Dies at 37

He raised hundreds of thousands of dollars toward sarcoma research

Wells Fargo Deploys Standards Across Global Operations

Wells Fargo takes a different approach to global operations from many of the other banks participating at the SWIFT Sibos conference in Dubai this month.

Bank of America Exiting China Bank Stake

Bank of America is the last of the major American banks that are selling out of the big Chinese banks they bought into before those banks went public in Hong Kong

Investment bank UBS adding 1,000 jobs in Nashville to create back office support hub

UBS already employs more than 200 people in two Nashville locations, providing operations support and wealth management services.

Citigroup, J.P.Morgan snare $764 million of California GOs

Citigroup won the bid on $249.2 million of California's new-money general purpose GO bonds, according to market sources.

JP Morgan to curtail business relationship with overseas banks

Global financial service institution JP Morgan Chase & Co is mulling to trim down its business dealings with the banks, operating outside US, to avoid risk resulting from regulatory probes.

Goldman Places Four on Leave After Options Error, FT Reports

The newspaper cited a person familiar with the events and didn’t disclose the names of the four employees

Former Apple CIO Launches Los Angeles Investment Management Firm

Adherence Capital Management is an emerging Los Angeles boutique investment management firm built on the co-founders' record of using disciplined investment strategies to preserve capital and build wealth.

Bank of America Will Dissolve Merrill Lynch Unit While Keeping Name

The firm will assume all of Merrill Lynch's obligations and debt.

Opus Bank Announces Corporate and Management Realignment

Opus Bank announced the corporate realignment of its banking divisions, delineating the banking divisions into The Commercial Bank and The Retail Bank.

Stifel Financial Q2 Profit Up 13%, Results Beat View

Investment bank and brokerage Stifel Financial Corp. on Thursday reported a 13 percent increase in profit for the second quarter from last year

Smaller banks look to acquire managers

Large banks might have shed their money management businesses to raise capital after the financial crisis, but some of their smaller brethren are back in the market for such units

BofA Set To Jack Up Fees For Thousands Of Brokerage Account Holders

The move comes as big brokerage firms struggle to make up for lost assets during the recession

Invesco Q2 profit up 2.1%

The Atlanta-based global investment management company reported a 2.1 percent rise in profit in the second quarter.

Waddell & Reed's Profit Rises

Asset manager Waddell & Reed Financial Inc reported a 26 percent rise in quarterly profit as net inflows more than doubled.

Early Warning for Rating Agencies and Investment Banks

Law firm Corrs Chambers Westgarth has cautioned credit rating agencies, investment banks and investment managers to tread carefully when promoting financial products.

Evercore Profit Doubles as Investment-Banking Revenue Climbs

Net income rose to $16.4 million, or 44 cents a share, from $7.93 million, or 25 cents, a year earlier, the New York-based firm said today in a statement.

Investment Banking