Managers of Wealth Americas

JPMorgan poised to sell U.S. metal concentrate unit

JPMorgan Chase is close to selling its U.S. metal concentrates trading arm and could announce a deal as early as Monday, two sources who were informed of the deal told Reuters this week.

BNY Mellon overcomes outflows to see 3.8% asset rise

For the latest quarter, the company reported net outflows of $2 billion, with $7 billion of net inflows for its long-term strategies more than offset by $9 billion in money market outflows.

Bank of America Reports First-Quarter 2012 Financial Results

"The narrowing of our credit spreads reflects the significant progress we've made to strengthen the balance sheet," said Chief Financial Officer Bruce Thompson.

Morgan Stanley reports Q1 results

James P. Gorman, Chairman and Chief Executive Officer, said, "This quarter is further evidence that Morgan Stanley has rebounded from the financial crisis of 2008 and is in a significantly stronger position.

Gorman’s Lonely Quest to Save Wall Street’s Honor

There has been a noticeable dearth of leadership on Wall Street after the financial crisis.

Goldman Sachs earnings more than double ‎

Goldman Sachs earnings more than doubled in the first quarter, as the Wall Street firm benefited from the best quarter for U.S. stocks in years.

Wells Fargo reports robust results

The bank's Iowa-based mortgage division did well in the first quarter.

Citigroup first quarter profit falls

Citigroup Inc reported a lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.

JPMorgan on top in revenue war, Goldman sags: Study Close

JPMorgan's investment banking revenue - from advising on deals and trading in equities, bonds, currencies and commodities - was $22 billion last year, down 13 per cent from 2010.

Bank of America to restructure, integrate business divisions

The company will also integrate the middle-market and large corporate lending to create a larger business-banking division, which will now include trading and underwriting securities and investment banking.

JP Morgan revenues rise but legal costs trim profits‎

JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.

James Caan on the rise of Islamic finance

As a result, he is an expert at delivering the perfect pitch and getting his message across.

Banco Sabadell to Open Representative Office in New York

The office will act as a liaison between the parent bank and overseas clients, while allowing the bank to establish business opportunities within the fields of project finance and corporate banking.

Morgan Stanley Expands Pay Clawbacks

Morgan Stanley, the investment bank that added clawback rules to compensation packages in 2008, expanded the types of pay that managers can be forced to return and the list of misconduct that might trigger a penalty.

Head of JPMorgan Chase says banks still face ‘hostility’

The head of JPMorgan Chase says the banking industry still faces “hostility.”

Global Islamic finance assets hit $1.3 trillion - study

The figures were based on UKIFS growth estimates projected on end-2010 figures from a survey of the top 500 Islamic Financial Institutions conducted by The Banker publication.

Islamic Lending Grows as Western Banks Take Breather

In the first three months of 2012, $6 billion of sukuk were sold in the six countries of the Gulf Cooperation Council, approaching the total of $7.3 billion issued in the whole of 2011, according to data from the Dubai bank Emirates NBD.

Adding Fuel to Goldman Exec Greg Smith’s Fire

While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including new York City mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.

IberiaBank to acquire Florida Gulf Bank‎

The transaction has been approved by the Board of Directors of each company and is expected to close in the third quarter of 2012.

Morgan Stanley CEO says no Wall Street brain drain

The news of the low year-end pay, at least by Wall Street standards, has sparked griping that being an investment banker is not worth it anymore. Some have said it was a big ego blow.

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