Managers of Wealth Americas

Wells expands in investment banking as others retreat

As banks across Wall Street retreat from the trading business, Wells Fargo & Co is expanding.

S May Reduce Kengeter’s Role in Investment Bank Shakeup

Additional job cuts are also on the way, including about 400 staff, or 10 percent of the investment bank’s front-office employees in Europe, people familiar with the matter said last week.

T. Rowe Price profit rises 33%

T. Rowe's assets under management totaled $574.4 billion as of the end of September

Ameriprise 3Q profit shrinks nearly in half

Ameriprise Financial Inc. said Wednesday its third-quarter net income dropped nearly in half

UBS ready to take axe to investment bank

Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.

Goldman Sachs 'muppet' trader says unsophisticated clients targeted

'Getting an unsophisticated client was the golden prize,' Greg Smith tells CBS News' 60 Minutes

Morgan Stanley brokerage shows improvement

Morgan Stanley's wealth management business posted a stronger profit margin in the third quarter

Bank of America ekes out a profit as crisis-era costs drag

The third quarter of 2012 was negatively impacted by $1.9 billion of debit

Charles Schwab Profit Rises 12%

The company's earnings met Wall Street forecasts.

Goldman Sachs swings to profit

The firm ranked first in worldwide equity and equity-related offerings and common stock offerings for the year-to-date.

JPMorgan deploys new trading model

The January switch and the timing of the firm’s disclosures are the focus of an inquiry by the Securities and Exchange Commission as the US examines how long executives knew about the CIO’s swelling bets and losses.

The Woman Who Took the Fall for JPMorgan Chase

He looked out into the audience, where Ina Drew, the 54-year-old chief investment officer, was sitting at one of the tables. “Ina,” he said, singling her out, “is bold.”

Moelis & Company Acquires Freeport Financial Partners

The acquisition expands Moelis & Company's asset management platform and enables Freeport to benefit from the added resources and global reach of a larger organization.

Morgan Stanley Smith Barney Becomes Morgan Stanley Wealth Management

It's the end of an era and the beginning of a new one as Morgan Stanley announced Tuesday that its U.S. wealth management business, Morgan Stanley Smith Barney, has changed its name to Morgan Stanley Wealth Management.

Bank of America Ramps Up Job Cuts

The reductions for the final six months of the year, outlined in a document given to top management, are part of a larger effort to retool Bank of America into a leaner and more focused enterprise.

5 U.S. Banks That Made the World’s 50 Safest Banks List

The highest ranking U.S. bank came in 29th on the report

UK investment bankers prefer Singapore

Of the 462 investment bankers that were asked, 31 per cent said they would most like to work in Singapore. By comparison, only a fifth preferred New York and only 19 per cent opted in favour of London.

Bank of America ends practice involving 'zombie accounts'

The threat of such fees also deters some customers from changing banks, they said.

Breaking up is hard to do, especially for banks

Indeed, the stink is now so bad that some people are calling for the re-introduction of Glass-Steagall, a post-Depression set of rules that erected a strict divide between Main Street and Wall Street banks, or something similar.

Citi wins 26 Global Finance Awards

Citi Asia Pacific was a big winner in this year’s Global Finance magazine’s annual World’s Best Internet Banks, hauling a total of 26 awards across the corporate/ institutional and consumer banks categories.

Investment Banking