Managers of Wealth Americas

Saudi’s Prince Alwaleed meets with Goldman Sachs chairman

Prince Alwaleed invested $300m

J.P. Morgan Asset Management large-plan DC business going to Great-West

Great-West Financial will acquire the large-plan defined contribution business of J.P. Morgan Asset Management, creating the second-largest U.S. record keeper by participants and tying for second based on assets under administration.

JPMorgan Seeks to Become Among Top Three in Cash Equities

JPMorgan is betting that investments in electronic platforms and hedge-fund services will help it leap over rivals in an industry

JPMorgan top China executive close to departing

He recently told the bank he wanted to retire, the Journal cited one of the people as saying.

Investment banks should cut balance sheets by $1 trillion

Investment banks must take tough decisions to quit ailing business areas and should reduce their balance sheets by $1 trillion or almost a tenth to lift profitability

Another young banker said jumped to death

The eighth financial professional in the last few weeks.

JP Morgan to Sell Commodities Business for $3.5 Billion

JPMorgan will continue to provide services and products tied to commodities including financing, market-making and the vaulting and trading of precious metals, the bank said.

BofA said to cut trading, investment banking jobs

Bank of America is cutting jobs in its global trading and investment banking divisions

Alleged fraud at Citi's Mexico unit, underscores the growing clout of risk managers within banks

The biggest bonus at Citigroup Inc. last year didn't go to the CEO or head of investment banking, but to risk-management chief Brian Leach.

Jefferies Reports Record Quarterly Net Income

Jefferies Group LLC today announced financial results for its fiscal first quarter 2014.

Alibaba Starting U.S. IPO Process as Hong Kong Proposal Falters

Alibaba Group Holding Ltd. kicked off the process for what may be the biggest U.S. initial public offering in two years after struggling to persuade Hong Kong regulators to approve its proposed governance structure.

JPMorgan Asset Management Selling Euro-Periphery Debt on Rally

JPMorgan Asset Management is reducing its holdings of Europe’s higher-yielding debt as it bets a rally in the bonds is ending.

JP Morgan Buys Into Plus500

JP Morgan Asset Management and JP Morgan Securities acquire 4% of Plus500.

Investment Bank Revenue to Decline 11% in Quarter, JPMorgan Says

A decline in price swings and margins will contribute to a 19 percent contraction in revenue from trading fixed-income, currencies and commoditie

Tragedy strikes family of former Goldman head

Jeffrey Corzine, the youngest son of Jon Corzine, the former co-chairman of Goldman Sachs and governor of New Jersey, killed himself in Mexico after a struggle with depression

Morgan Stanley to combine institutional, brokerage muni desks

Move is part of CEO Gorman's effort to partner brokerage, investment bank, drive ROE

BofA Merrill Wins Three Treasury Awards

Cited for Overall Strength, Liquidity, Risk Management Expertise in North America

RBC's Charge Up M&A Rankings Hits a Bump

A court ruling against RBC Capital Markets LLC turns on the bank's role in an area where it has made significant inroads lately—lending for U.S. private-equity deals.

BNP Paribas and Bank of America Suspend Forex Traders

BNP Paribas SA and Bank of America-Merrill Lynch have joined the swelling ranks of currencies-dealing banks to have suspended staff as part of the global probe into the wholesale foreign-exchange market

Ken Moelis' investment bank files to go public

Investment banker Ken Moelis' boutique investment firm, Moelis & Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.

Investment Banking