Managers of Wealth Americas

Citigroup, J.P.Morgan snare $764 million of California GOs

Citigroup won the bid on $249.2 million of California's new-money general purpose GO bonds, according to market sources.

JP Morgan to curtail business relationship with overseas banks

Global financial service institution JP Morgan Chase & Co is mulling to trim down its business dealings with the banks, operating outside US, to avoid risk resulting from regulatory probes.

Goldman Places Four on Leave After Options Error, FT Reports

The newspaper cited a person familiar with the events and didn’t disclose the names of the four employees

Former Apple CIO Launches Los Angeles Investment Management Firm

Adherence Capital Management is an emerging Los Angeles boutique investment management firm built on the co-founders' record of using disciplined investment strategies to preserve capital and build wealth.

Bank of America Will Dissolve Merrill Lynch Unit While Keeping Name

The firm will assume all of Merrill Lynch's obligations and debt.

Opus Bank Announces Corporate and Management Realignment

Opus Bank announced the corporate realignment of its banking divisions, delineating the banking divisions into The Commercial Bank and The Retail Bank.

Stifel Financial Q2 Profit Up 13%, Results Beat View

Investment bank and brokerage Stifel Financial Corp. on Thursday reported a 13 percent increase in profit for the second quarter from last year

Smaller banks look to acquire managers

Large banks might have shed their money management businesses to raise capital after the financial crisis, but some of their smaller brethren are back in the market for such units

BofA Set To Jack Up Fees For Thousands Of Brokerage Account Holders

The move comes as big brokerage firms struggle to make up for lost assets during the recession

Invesco Q2 profit up 2.1%

The Atlanta-based global investment management company reported a 2.1 percent rise in profit in the second quarter.

Waddell & Reed's Profit Rises

Asset manager Waddell & Reed Financial Inc reported a 26 percent rise in quarterly profit as net inflows more than doubled.

Early Warning for Rating Agencies and Investment Banks

Law firm Corrs Chambers Westgarth has cautioned credit rating agencies, investment banks and investment managers to tread carefully when promoting financial products.

Evercore Profit Doubles as Investment-Banking Revenue Climbs

Net income rose to $16.4 million, or 44 cents a share, from $7.93 million, or 25 cents, a year earlier, the New York-based firm said today in a statement.