Managers of Wealth Americas

Bank of America Cuts 14,600 Employees in 2012 to Reduce Costs

The quarter’s decline in headcount was the highest in a year.

BNY Mellon’s profit climbs 23 per cent

“Expect the stock to be a bit soft post the recent run.”

Goldman Sachs’ earnings surge as investment banking revenues jump, aided by bond rally

The bank’s debt underwriting business profited from a rally in bonds and a surge in demand for debt securities.

Citi Falls Short on Earnings; Blames New Regulations

Fourth Quarter Results Included $1.3 Billion of Legal and Related Expenses

JMP Group boosts Investment Banking Division

Prior to joining JMP Securities, he was a senior banker in the technology, media and telecommunications investment banking group at UBS

JPMorgan Beats on Earnings

JPMorgan Chase & Co. today reported net income for the fourth-quarter of 2012 of $5.7 billion, compared with net income of $3.7 billion in the fourth quarter of 2011

Morgan Stanley Said to Plan 1600 Investment-Banking Job Cuts

The layoffs will focus more on senior employees, with half of the cuts coming in the U.S. and half internationally, this person said.

Morgan Stanley Discloses Payouts to Senior Deal Maker

The deal maker will receive an accelerated payout from an executive retirement program

Morgan Stanley Wealth Management Launches LGBT Initiative

A new client educational resource - LGBT On Your Terms - is available to help same-sex couples understand the factors that are likely to affect their family's finances and long-term plans.

Boston Private Bank & Trust To Sell Three Offices To Sterling Financial

Transaction expands and enhances Sterling Bank's presence in the Seattle market

Jefferies Reports Fourth Quarter and 2012 Fiscal Year Financial Results

"2013 will mark the beginning of a new era for Jefferies."

Axis Capital ties up with Baird

The alliance between Baird and Axis Capital is on an exclusive basis.

Morgan Stanley Names Merger-Advisory Chiefs for U.S., Europe

Morgan Stanley has ranked first or second in advising on mergers and acquisitions each year since 2008.

Jefferies Vows Immediate Cash Bonuses as Big Banks Defer

Paying immediate cash sets Jefferies apart from some competitors as Wall Street seeks to curb compensation costs.

Morgan Stanley And Goldman Sachs Planning Big Layoffs: Report

"What sources are telling the FOX Business Network that Morgan Stanley (NYSE:MS) and Goldman Sachs Group, Inc. (NYSE:GS) are seriously eyeing layoffs as well. We don’t know the timing of those…"

Hapoalim in talks to buy Discount Bank New York

Bank Hapoalim has received a preliminary permit from the US Supervision Authority for State Banks to acquire Discount Bank of New York.

Banks Challenge RIAs By Renewing Focus On Asset Management

Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.

Gatehouse Bank acquires 2nd US ‘portfolio’

Gatehouse Bank has completed the acquisition of a diverse industrial portfolio of 19 operationally critical properties across the United States of America.

Houlihan Lokey Expands Business Services Corporate Coverage with New Hires

Houlihan Lokey, the international investment bank, today announced two new hires representing an expansion of the firm’s Business Services Group.

Bank of America shelves plan on new fees

Fees are unpopular with customers as well as regulators who see them as punishing lower-income customers.