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
Investment Banking
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
07/30/2013
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.
07/29/2013
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.
07/29/2013
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.
07/24/2013
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.
07/23/2013
Morgan Stanley to open office in Santiago
US investment banking firm Morgan Stanley plans to expand its Latin American operations with an office in Santiago,
07/23/2013
Bank of America adds two board members
The additions bring the size of the bank's board to 15.
07/17/2013
Morgan Stanley Revenue And Earnings Beat Expectations
Investment banking giant Morgan Stanley just released its Q2 financial results.
07/16/2013
Former Merrill Lynch president Herbert Allison Jr dies: Bloomberg
He is a former Merrill Lynch & Co president who also oversaw the U.S.
07/16/2013
BNY Mellon's assets inch up in quarter
Assets under management up 10% year-over-year
07/16/2013
Boston Private Financial Q2 Profit Rises
Fee-Based Revenues Held Steady
07/16/2013
American National Bankshares Reports Q2 2013 Earnings
The challenge in this ongoing low rateenvironment is to do that in a cost effective and yet competitive manner.
07/15/2013
Goldman Beats Estimates on Investment Banking, Debt Gains
Goldman Sachs Group Inc. said earnings doubled, beating analysts’ estimates on a surge in underwriting revenue and gains from the firm’s own investments.
07/14/2013
Citigroup 42% Profit Rise Tops Estimates
Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.