Managers of Wealth Americas

Northern Trust Gets Investment Management Awards

Northern Trust announced its fixed income team has been named the winner in two categories

PNC, Sumitomo Mitsui Said to Weigh Bids for BNY Mellon Trust Arm

BNY Mellon is reaching out to potential buyers and is expected to solicit initial bids soon, one of the people said, asking not to be identified discussing private information.

Natixis, Moelis Asset Management Form Investment Management JV

French bank Natixis and Moelis Asset Management Wednesday said they have formed a joint investment management venture.

Investment managers report lackluster quarter

Reduced DB plan presence, cool markets cited for slight AUM gains

Dinged-up JPMorgan CEO may seek exit: analysts

As many as 10,000 more job cuts are on the table this year on top of previously announced layoffs — the brutal result of shrinking business and regulators prowling for blood

J.P. Morgan Is Reviewing U.S. Correspondent-Bank Relationships

The industrywide review started in January and comes as J.P. Morgan tries to shore up controls in a period of heightened regulatory scrutiny and record fines.

These are bad days for big boys in high finance

Fines from regulators continue to pile up stemming from crisis-era bad behavior

Morgan Stanley CEO: Investment banking is over

These are not happy days for big Wall Street financial institutions, and the head of one of them thinks this is effectively the end of an era.

Three Bankers Bolster Blankfein as Goldman Trading Sinks

The man with the purification pitch was an actor. Mass and Dase, who weren’t in on the joke, were doing their best to salvage a meeting that Goldman Sachs President Gary Cohn had asked each of them to take,

Advisory Firm Flunks Goldman’s Pay Plan

For the second year in a row Glass Lewis recommended Goldman's holders vote against the investments executive-pay plan, included in the New York-based investment bank's proxy statement.

Barclays to Credit Suisse Battling Banker Exits, U.S. Legal Woes

Europe’s top banks are facing heightened scrutiny from shareholders

BofA Blunder Forgiven as Buffett Says ‘Do the Best You Can’

His Berkshire Hathaway Inc. (A:US) made the $5 billion investment in Bank of America (BAC:US) in 2011

JPMorgan Shares Drop After Bank Forecasts 20% Slump in Trading

JPMorgan Chase & Co. , the world’s biggest investment bank by revenue, dropped the most in almost a month after warning that a deepening Wall Street trading slump may last through the second quarter.

Which city pays its investment banking sales directors the most?

The highest median bonus goes to sales directors in New York, a close second to Singapore in terms of total compensation (base salary plus bonus).

Citigroup Joins Bank of America in Reducing Exposure to Russia

Citigroup Inc. and Bank of America Corp. two of the three biggest U.S. banks, reduced Russian assets last quarter amid the crisis in Ukraine

JPMorgan Chase launches conservation impact investment initiative

The NatureVest programme will seek to harness the growing buzz around impact investment to promote a mainstream market

Lazard Reports First-Quarter 2014 Results

Net income per share, as adjusted, of $0.61 for the quarter ended March 31, 2014, compared to $0.28 for the 2013 first quarter

J.P. Morgan Launches Next Generation Target Date Compass Program

J. P. Morgan Asset Management is announcing a major upgrade to Target Date Compass, the groundbreaking tool that advisors use to help plan sponsors make informed target date fund selections.

Morgan Stanley plans consumer banking push

Its focus will be on lending to existing brokerage clients – particularly mortgages and loans secured against customers’ portfolios of stocks and bonds – but the bank has also examined other products as part of its shift into banking.

BNY Mellon Awarded Best ETF Service Provider In The Americas for Eighth Year in Row

BNY Mellon's Asset Servicing business supports institutional investors

Investment Banking