10/02/2013
J.P. Morgan's Dimon No Longer Chairman at Bank Unit
James Dimon has relinquished his chairmanship of J.P. Morgan Chase JPM & Co.'s main banking subsidiary
Investment Banking
10/01/2013
Leone Asset Management Signs MOU to Acquire Guinea Investment Bank
Leone Asset Management, Inc., announced it has signed an MOU to acquire the equity and managerial control of The Guinea Investment Bank
10/01/2013
Global investment banking fees up 3 percent in first nine months
Fees earned for global investment banking services rose 3 percent in the first nine months of 2013 from a year ago
09/29/2013
Bank of America: Legalized Pot Revenues Are OK
This may seem like a no-brainer, since the business will no longer be illegal
09/15/2013
JPMAM Aims To Raise £100m For Launch of Senior Loans Trust
J.P. Morgan Asset Management is seeking to raise £100m for the launch of an as-yet-unnamed trust investing in senior structured loans.
09/10/2013
Legg Mason assets under management dip in August
August total AUM declined from July primarily due to unfavorable markets and outflows in both equity and fixed income
09/08/2013
Emerging market M&A volume at record low in first half of 2013 - survey
U.S. companies are exhibiting higher levels of confidence domestically and we're starting to see this translate into increased acquisition activity in emerging markets.
09/04/2013
David Brenneman, Morgan Stanley Equity Risk Manager, Dies at 37
He raised hundreds of thousands of dollars toward sarcoma research
09/04/2013
Wells Fargo Deploys Standards Across Global Operations
Wells Fargo takes a different approach to global operations from many of the other banks participating at the SWIFT Sibos conference in Dubai this month.
09/02/2013
Bank of America Exiting China Bank Stake
Bank of America is the last of the major American banks that are selling out of the big Chinese banks they bought into before those banks went public in Hong Kong
08/27/2013
Investment bank UBS adding 1,000 jobs in Nashville to create back office support hub
UBS already employs more than 200 people in two Nashville locations, providing operations support and wealth management services.
08/26/2013
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.
08/25/2013
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.
08/24/2013
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
08/21/2013
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.
08/15/2013
Bank of America Will Dissolve Merrill Lynch Unit While Keeping Name
The firm will assume all of Merrill Lynch's obligations and debt.
08/11/2013
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.
08/07/2013
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
08/04/2013
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
08/01/2013
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