Managers of Wealth Americas

Bank of New York Mellon Profit Slides

The Bank of New York Mellon Corporation today reported second quarter net income applicable to common shareholders of $554 million, or $0.48 per diluted common share.

Morgan Stanley demonstrates the art of getting more out of staff while paying them less

The only division where Morgan Stanley still seems willing to pay for performance is wealth management

KeyCorp buys technology-focused investment bank and capital markets firm

KeyCorp said it has agreed to buy Pacific Crest Securities, a technology-focused investment bank and capital markets firm based in Portland, Ore.

Lazard’s M&A Team Toasts Double U.S. Win

Lazard is celebrating two big victories after serving as an adviser on two big deals announced Tuesday morning.

Bank of America Reports Second-quarter 2014 Net Income of $2.3 Billion

Results Include Litigation Expense of $4.0 Billion

Citi profit dips, hurt by $7bn settlement

The accord came roughly six years after the height of the financial crisis. It is one of several Justice Department probes into the packaging and sale of risky home loans.

JPMorgan Chase sees trading drop, yet still beats expectations

JPMorgan's stock rose $1.11, or 2 percent, to $57.40 in early trading.

Goldman's net climbs 5.5% on equity underwriting growth

Net revenue, including net interest income, jumped 6% to $9.13 billion.

European banks slimming down in 'Little Manhattan'

Before Connecticut commuter trains reach New York they stop at Stamford, where office buildings bear the names of global finance and professional services companies that many might expect to see in Manhattan.

Legg Mason Reports Assets Under Management and Flows For June 2014

Effective April 1, 2014, certain client assets previously reported as AUM have been reclassified as Assets Under Advisement (AUA).

Raymond James' executive sees record recruiting year for top advisers

Raymond James' roughly 6,200 financial advisers manage $462 billion in assets

JPMorgan Tech Executive Killed Wife Before Suicide, Police Say

The Knotts are survived by three children, according to the Star-Ledger.

Bank Mergers Gaining Steam, But The Deals Are Still Small

Through the first half of this year, the industry was on pace for 4% of banks to be acquired. That’s up from 3.5% for all of 2013, and marks the highest since 1998’s level of 4.6%.

Citi Appointed Depositary Bank for Australia and New Zealand Banking Group Limited’s ADR Program

We are delighted to be appointed depositary bank for ANZ’s ADR program

J.P. Morgan Announces Enhanced Depositary Receipts Portal

We re-engineered ADR.com to keep up with the demands of DR market participants

One of Cincinnati's largest money management firms acquired

Legg Mason manages $1.7 billion in assets out of its local office, making it Greater Cincinnati’s 15th-largest money management firm, according to an upcoming Courier List.

Morgan Stanley Returns To Iron Ore Dealing After Exiting In 2013

Morgan Stanley is making a return to iron ore commodity dealing with the recent purchase of bulk commodities trading book from Deutsche Bank, according to a source with insider knowledge.

Baird Financial Group acquires Seattle investment firm

Baird, based in Milwaukee, Wis., now reports $125 billion in client assets

Investment bank’s expanding internal hedge fund hires Goldman Sachs trader

Savani spent nearly five years working at Goldman Sachs

Barclays fights back in the US alongside European rivals

Despite suffering a series of exits from its US investment banking division, Barclays has climbed up the US league table rankings along with Deutsche Bank, in a rare show of strength from European banks in the region.

Investment Banking