Managers of Wealth Americas

Lazard Ltd Reports First-Quarter 2013 Results

First-quarter 2013 charge of $26 million related to previously announced cost saving initiatives; additional savings are expected

Jefferies International Swings to a Loss as Staff Costs Bite

The European arm of U.S. investment bank recorded a £25.4 million ($38.8 million) loss in the year to November 30 2012

Citigroup first-quarter profit rises 31 percent

Revenues of $20.5 Billion

Goldman profits dip on shortage of M&A deals

Goldman Sachs’s first quarter profits will fail to match last year’s levels

Russia's VTB Capital Brings Its Global Ambitions to New York

Bank pursues alliances with other emerging-markets players in bid to grow its international revenues.

JPMorgan leads job cuts as banks seek to bolster profit

Banks are under pressure to keep profit climbing and employees are among the biggest expenses after interest costs

Dimon Exit Seen Hastened If JPMorgan Names Separate Chairman

“If that were to occur, is there someone with Mr. Dimon’s talents capable of stepping into the breach?”

JPMorgan Chase Wins Actual Award For Its Handling Of The London Whale Debacle

What's dumber than JPMorgan Chase losing $6 billion in credit derivatives

JPMorgan, top M&A bank in 1st quarter, buoyed by big deals

The investment bank advised on $130 billion worth of deals through March 20

Ex-JP Morgan boss blames London office for £4bn loss in 'Whale' scandal

Former exec pointed finger at London-based traders and managers

Bank of America to buy back $5 billion in stock

Charlotte bank said its quarterly dividend will stay at 1 cent

Banker denies responsibility for JP Morgan losses

Blames deception by London team for 'London Whale' trading incident, which saw company lose £4bn

Senate report blasts JPMorgan Chase risky trade

The nation's largest bank hid high-risk derivatives trading that ran up $6.2 billion in losses by inflating trade values, dodging federal regulators, and misinforming investors and the public about the dicey strategy, a scathing new congressional rep

JPMorgan keeps top spot in investment banking - study

Investment banks have put more emphasis on league tables in recent years as tougher regulation and slower markets have left banks jostling for market share and firms like UBS (UBSN.VX) and RBS exiting or shrinking unprofitable areas.

Piper Jaffray Announces Sale of FAMCO Business

We have enjoyed our relationship with Piper Jaffray

JPMorgan Sees Profit Gain in Helping Clients Follow New Rules

“The secular trend for these clients is the constant need to reduce execution costs.”

'Rich to Get Richer' from 2013 Stress Tests

The stress tests gauge banks' ability to withstand a particularly nasty recession beginning this year, while remaining well-capitalized with Tier 1 common equity ratios of at least 5.0%.

Bank of China Eyes Expansion Into U.S. Securitization

Starting late last year, Bank of China began to experiment with converting its property loans into securities.

Morgan Stanley Amends 2012 Profit to Add $87 Million Tax Benefit

The New York-based firm’s 2012 profit was $68 million, compared with a previously disclosed $19 million loss.

UBS Shuts L.A. Investment-Banking Office

The bank said in October it will cut about 10,000 jobs and retreat from capital-intensive trading businesses to boost profitability.

Investment Banking