Managers of Wealth Americas

'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

Bank of America Merrill Lynch Wins Three Treasury Awards

Global Finance editors, with input from industry analysts, corporate executives and technology experts, made the selections.

Citigroup Inc. partners with William Blair & Company

The agreement entails Citi to provide an integrated range of services including custody, trustee, fund accounting, transfer agency and foreign exchange solutions.

Legg Mason Reports Assets Under Management For January 2013

This month's AUM reflects the previously disclosed $1.0 billion of global equity redemptions.

JPMorgan Overtakes Wells Fargo as Most Valuable U.S. Bank

JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound.

JPMorgan Chase Launches Code for Good Challenges in the US

JPMorgan Chase has announced the launch of the Code for Good Challenges in the United States.

JPMorgan Chase Has A Secret 'Money Room,' Jamie Dimon Says

"It's a money room at an undisclosed location."

Lazard Ltd Reports Full-Year and Fourth-Quarter 2012 Results

Lazard’s 2012 results underscore the strength and resilience of our business model

Eaton Vance Announces Launch of Institutional Cash Management Services Business

ICMS will provide cash management services to institutional investors in the U.S. and internationally through customized separate accounts.

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