Managers of Wealth Americas

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

Goldman Sachs' posts profits fall after European woes

Investment banking was strong

Morgan Stanley cuts perks

The severity of the pay cut varies

Broker-dealer LPL's Profit Misses Estimates as Costs Touch $1 Billion

The improvement in March helped LPL's headcount rise to 13,726 advisers from 13,377 a year earlier

JP Morgan wins $12bn Resolution mandate

JP Morgan Asset Management has won a $12 billion fixed-income mandate from Clive Cowdrey's Resolution Life.

CIBC Mellon named Canada's Custodian of the Year

Custody Risk's judging panel assessed Custodian of the Year nominees

VTB Capital considering cutting most of New York staff

VTB Capital’s press service in Moscow and the head of its U.S. business, Paul Swigart, declined to comment

CIBC joins private equity firms to explore potential US$3B buyout of asset manager Russell Investments

Shortlisted parties have been tentatively asked to submit offers for Russell Investments

Investment Banking