Managers of Wealth Americas

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.

Farmington bank buying nine Bank of America branches

The acquisitions will boost First State Community, based in Farmington, Mo., to $1.7 billion in assets and 46 Missouri branches.

Some Bank Of America's Equity Sales Team Are Faking Client Meetings To Make A New Quota

That's a really high number, especially since they're basically chained to their desks during the trading day.

Legg Mason Reports Assets Under Management For October 2012

Legg Mason is a global asset management firm with $646 billion in assets under management as of October 31, 2012.

Conglomerate swoops on US investment bank

Handler emphasized that the deal is being done at a time of significant strength for both companies and said its aim is to create more long-term value.

No increase in banker bonuses this year

That’s because there’s much less investment-banking business being done today, at least compared with the halcyon days of Wall Street just before the market meltdown of 2008.

Morgan Stanley Reassures Its Bankers

Morgan Stanley gathered its new team of investment-banking leaders in New York this week.

Stifel Financial to buy fellow investment bank

The transaction is valued in excess of $575 million

Mercer Reports 2012 Third Quarter Results

For the third quarter of 2012, we had a net loss of €9.7 million

Wells expands in investment banking as others retreat

As banks across Wall Street retreat from the trading business, Wells Fargo & Co is expanding.

S May Reduce Kengeter’s Role in Investment Bank Shakeup

Additional job cuts are also on the way, including about 400 staff, or 10 percent of the investment bank’s front-office employees in Europe, people familiar with the matter said last week.

T. Rowe Price profit rises 33%

T. Rowe's assets under management totaled $574.4 billion as of the end of September

Ameriprise 3Q profit shrinks nearly in half

Ameriprise Financial Inc. said Wednesday its third-quarter net income dropped nearly in half

UBS ready to take axe to investment bank

Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.

Goldman Sachs 'muppet' trader says unsophisticated clients targeted

'Getting an unsophisticated client was the golden prize,' Greg Smith tells CBS News' 60 Minutes

Morgan Stanley brokerage shows improvement

Morgan Stanley's wealth management business posted a stronger profit margin in the third quarter

Investment Banking