Managers of Wealth Americas

JPMorgan, top M&A bank in 1st quarter, buoyed by big deals

The investment bank advised on $130 billion worth of deals through March 20

Ex-JP Morgan boss blames London office for £4bn loss in 'Whale' scandal

Former exec pointed finger at London-based traders and managers

Bank of America to buy back $5 billion in stock

Charlotte bank said its quarterly dividend will stay at 1 cent

Banker denies responsibility for JP Morgan losses

Blames deception by London team for 'London Whale' trading incident, which saw company lose £4bn

Senate report blasts JPMorgan Chase risky trade

The nation's largest bank hid high-risk derivatives trading that ran up $6.2 billion in losses by inflating trade values, dodging federal regulators, and misinforming investors and the public about the dicey strategy, a scathing new congressional rep

JPMorgan keeps top spot in investment banking - study

Investment banks have put more emphasis on league tables in recent years as tougher regulation and slower markets have left banks jostling for market share and firms like UBS (UBSN.VX) and RBS exiting or shrinking unprofitable areas.

Piper Jaffray Announces Sale of FAMCO Business

We have enjoyed our relationship with Piper Jaffray

JPMorgan Sees Profit Gain in Helping Clients Follow New Rules

“The secular trend for these clients is the constant need to reduce execution costs.”

'Rich to Get Richer' from 2013 Stress Tests

The stress tests gauge banks' ability to withstand a particularly nasty recession beginning this year, while remaining well-capitalized with Tier 1 common equity ratios of at least 5.0%.

Bank of China Eyes Expansion Into U.S. Securitization

Starting late last year, Bank of China began to experiment with converting its property loans into securities.

Morgan Stanley Amends 2012 Profit to Add $87 Million Tax Benefit

The New York-based firm’s 2012 profit was $68 million, compared with a previously disclosed $19 million loss.

UBS Shuts L.A. Investment-Banking Office

The bank said in October it will cut about 10,000 jobs and retreat from capital-intensive trading businesses to boost profitability.

Goldman Sachs’s Electronic Trading Chief Will Step Down

The electronic trading chief spent years representing Goldman Sachs at industry conferences and commenting publicly about exchange and regulatory rule proposals involving equities market structure.

Mizuho hunting for banking assets in Asia, U.S

"Possible targets include an Asian investment bank, especially a bond market player."

RBS to start selling stake in RI’s Citizens next week

Citizens’ future has been in question ever since U.K.-based RBS, which bought Citizens in 1988, was rescued by the British government in the fall of 2008 at the height of the financial crisis.

Susan Carroll, Morgan Stanley Bank’s Operating Chief, Dies at 50

Susan E. Carroll, who helped lead Morgan Stanley Bank for eight years, when its assets rose almost 15-fold, has died

JPM Chase Shareholders Want Dimon to Relinquish Chairman's Title

Shareholders of the nation's biggest banks by assets likely will be asked to vote this spring

Morgan Stanley Strives to Coordinate 2 Departments, Often at Odds

"Morgan Stanley has a horrible history of getting these groups to work together."

Bank Of America CEO Gets A Raise, Moynihan's $12.1M Beats Jamie Dimon's Pay

Moynihan was awarded some $12.1 million last year including a $950,000 salary and 926,238 in BofA shares at $12.03 each

Stifel closes deal to buy KBW in investment bank merger

KBW lost money last year but Kruszewski has defended KBW as ripe for growth as bank directors become more confident in the economy

Investment Banking