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Wealth and Asset Management

Goldman Sachs Asset Management raises $650 million for life sciences fund

The fund, West Street Life Sciences I, will specifically target early to mid-stage therapeutic companies with multi-asset portfolios as well as tools and diagnostics firms.

Comment, Analysis & Research

Wells Fargo economic outlook finds storms on the horizon

Lazard Hires Former Onex, Rothschild Restructuring Bankers in Revenue Push

Allianz Guaranteed Income Product Will Be Available with SS&C

Comment, Analysis & Research

UBS Investor Sentiment: Investors Concerned About the War Yet Stay the Course with their Portfolios

Wealth and Asset Management

Wellington inks distribution deal with SCPB

Gary S. Williams of Williams Asset Management Honored in Forbes Best-In-State Wealth Advisors List for 2024

Smead Capital's contrarian oil bet piques private bank interest

Kinsted Wealth selects Objectway for enhanced and fully integrated client and investment management platform to drive growth

Living with US inflation

Morgan Stanley First Quarter 2024 Earnings Results

People Moves

Cresset Welcomes Two New Advisory Teams, Expands National Presence and San Francisco Footprint

UBS hires financial advisor team led by Christopher Toregas in Los Angeles

James Herring and John Gaffney join UBS Private Wealth Management in New York City

Juan Bernal is named new group chief investment officer at MAPFRE

Citizens bolsters wealth management team with hires

EQT further expands private wealth team with appointment of Peter Aliprantis as head of Private Wealth for the Americas

Legal, Regulation & Compliance

Morgan Stanley Dives As Regulators Open Wealth Arm Probes

Investments & Wealth Institute Announces Changes to its CIMA® Certification

TD Asset Management Inc. Announces the Termination of six TD ETFs

FinCEN and AML updates: More requirements for fund managers on the horizon?

Bank of America must face overdraft fee refund lawsuit

Morgan Stanley: Former Rep Broke Non-Solicitation Vows After Joining Wells Fargo

FinTech

Goldman Sachs and JPMorgan are making senior changes to their AI teams

MathCo Named Microsoft Solutions Partner for Data and AI

FIS Named as One of the Most Trustworthy Companies in America for Second Consecutive Year

SBI SECURITIES Selects Broadridge's Post-trade Solution for its Equities Brokerage Services in the UK

Mastercard and VoPay partner to revolutionise money movement in Canada

Helping wealth managers wade through the data

Alternative Investments

JTC To Acquire First Republic Trust Company Of Delaware

Investors have ways to add durable yield to their portfolios

TD Bank Group Announces Election of Directors

Summit Financial Enhances Open-Architecture Private Markets Offering, Supporting Advisors with Suite of High-Net-Worth Services

FalconPoint Partners Launches as New Private Equity Firm to Invest in Business Services and Industrials Companies

Private Equity Managers Urged to Adjust Value Creation Approach

Investment Banking

Big banks led by Citi continue to trim staff to cut costs

Wall Street bosses cheer investment banking gains but stay cautious

Bank of America profits drop as key lending revenue weakens

Morgan Stanley results contain some sorry truths for its bankers

Bank of America (BAC) Braces for Earnings - Strategies for Investors

Citi's 7,000 laid off staff were paid an average of $214k each

Comment, Analysis & Research

Morgan Stanley Wealth Management Pulse Survey Reveals Bullish Sentiment Despite Drop in Optimism

Keeping the customer experience at the center of your operating model

Three big reasons why US banks will start hiring again. 11 small reasons why they won't

BMO chief says US economy improving, calls California 'a strategically important market'

Unpicking inflation trends in a changing rate cycle

Profiles of Purpose–Cherie Blair’s vision to empower women with technology

Tax

Citi's new global head of STIRT trading is calling for a wealth tax

RSM Recognized for Family Office Technology by Accounting Today

FASB improves income tax disclosures

Early preparation may help taxpayers glide through tax season

International families in California – beware of the tax implications of community property

Andersen Adds New San Diego Office, Expands Southern California Footprint

Retail Banking

Dimon meets with development bank leaders seeking private money

Santander brings Openbank digital brand to US

Thredd enters US debit and credit card issuing market

Regions Bank employs new technology, personal approach at new Hixson branch

Wells Fargo slowly starts to shed the problems of its past

Experian consumer credit reports to include Apple Pay Later information

Planet SOS

TD outlines continued progress on sustainability goals in 2023 Sustainability Reporting Suite

Bank climate group to report capital markets related emissions

Asset managers’ green U-turn exposes energy transition cakeism

JPMorgan and State Street quit climate group as BlackRock scales back

BNP Paribas demonstrates its continued commitment to its longstanding relationship with Grameen America

ESG Hits Historic Low Point After US Investor Exodus From Funds