Managers of Wealth Americas

JPMorgan Trading Loss May Reach $9 Billion

Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation.

Deutsche Bank to push U.S. investment bank

Deutsche Bank will focus on expanding its investment bank in the United States and on overhauling the asset and wealth management division, new co-chief executives Anshu Jain and Juergen Fitschen told Manager Magazin in an interview.

Bosses Rein In Banker Who Golfs With Obama

One of the biggest banks in the world wants the president's favorite banker muzzled. One of the biggest banks in the world wants the president's favorite banker muzzled.

US politicians attack 'London loophole' as JP Morgan boss explains $2bn loss

Giving evidence to US lawmakers yesterday[Tuesday], Mr Dimon said JP Morgan’s CIO [Chief Investment Office] operation “could have been in London or somewhere else” as he defended the bank’s British operations.

HSBC Starts Yuan Bond Fund for U.S. as Dim Sum Market Expands

It will be managed by HSBC Global Asset Management’s Hong Kong-based fixed-income team, it said.

Jamie Dimon blames JP Morgan losses on top executives in Senate testimony

Appearing before banking committee, JP Morgan boss is critical of legislation that would curb some types of hedging in US

Smith Barney Name to Join Wall Street's Dustbin ‎

The name change, to Morgan Stanley Wealth Management, has been the subject of speculation for more than a year, but Morgan Stanley Chief Executive James Gorman for the first time confirmed the branding plan in a public setting.

Wells Fargo Named Best U.S. Trade Bank

The Trade Finance Awards for Excellence are considered the most comprehensive poll of the global trade finance market, revealing which institutions lead by market sector and on a country-by-country basis.

Alan Greenspan Bravely Rushes To JPMorgan Chase's Defense, With A Bucket Of Nonsense

The same man who made it easier for those banks to shoot craps with their spare cash while also holding federally insured deposits. T

Fed's Dudley: U.S. banks in better crisis shape

This does not mean that the U.S. would be completely insulated from any type of crisis stemming from Europe, he noted, particularly if banks refuse to lend to each other out of a concern for counter-party risk, he said. If that happened, it would affect t

Facing Down the Bankers

But Mr. Kelleher does not work for banks. He works against them.

Stop big, bad U.S. banks before they lend again!

If only the Volcker rule had been in place. If only the Dodd-Frank law had an additional 1,000 pages of rules

Merchants Bank Recognized as One of the Top Performing Banks in America

No other Vermont-based or New-Hampshire-based banks were represented in the top 20 of either ranking.

JPMorgan Chase trading fiasco: What to do about big banks?

Investors filed two lawsuits against the firm, alleging that the firm took undue risks and made misreprentations to shareholders prior to last week, when the firm announced the losses.

Morgan Stanley Investors Back Pay Plan After Gorman’s Cut

Corporate Secretary Martin Cohen was interrupted in announcing the tally by about 20 protesters who engaged in an organized chant about executive pay and income inequality.

Traders Are Saying This Legendary Deutsche Bank Veteran Harpooned JP Morgan's 'London Whale'

But who was on the other side of that trade?

BofA Merrill Lynch Fund Manager Survey Finds Rising Investor Demand for Growth Stimulus

Investors are looking for greater stimulus as expectations of economic growth have fallen further and as concerns about inflation have eased significantly . Only a net 15 percent of the panel expects the global economy to strengthen in the year ahead, do

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