Managers of Wealth Americas

Citigroup Q4 2011 net income declines

Citigroup 2011 full year net income was $11.3 billion on revenues of $78.4 billion, compared to net income of $10.6 billion on revenues of $86.6 billion for the full year 2010.

Top lender gets five weeks to find RBS buyers before bankers depart

RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.

RBC GAM launches new corporate class structure

Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable di

Miami Lakes-based BankUnited explores sale

Florida's second-largest bank is holding talks with potential buyers, said the people, who declined to be identified because the discussions are private. The lender, with a market value of about $2.25 billion as of yesterday, is working with Goldman

First Niagara to sell 37 HSBC branches to KeyCorp

The divesture includes the 26 branches that First Niagara had agreed to sell in the Buffalo, New York area in order to gain approval from the U.S. Justice Department for its purchase of 195 branches in HSBC's U.S. network.

JPMorgan to sell its customs and trade compliance services

This strategic move to acquire a global leader of customs and trade compliance solutions greatly expands Livingston's international trade expertise and service offerings within the United States and Canada, and extends this crucial and growing part o

JPMorgan profit falls, but sees hope in economy

Chief Executive Jamie Dimon said the largest U.S. bank by assets was seeing signs of improvement in loan demand and credit quality as the economy recovers.

Emerging markets growth to weaken, says UBS

The Swiss investment bank still expects these countries to outperform industrialised nations but at a slower annualized real growth rate of 5% or less in the first half of 2012, compared with 7-8% at its peak and 5.5% last year, thanks to a moderation in

Bank of the West Opens HNW Client Center in Palo Alto

Similar offices have opened in Los Angeles, Denver and San Jose.

10 Resolutions Bank Marketers Can’t Ignore in 2012

The biggest impact of all of this noise was that attention was diverted from what should have been accomplished in 2011. As

U.S. demands names of Swiss bank staff: paper

Citing banking sources, the NZZ am Sonntag said Swiss banks had until January 23 to transfer documents to the U.S. Justice Department relating to their U.S. business since 2000.

Risk management top priority among corporate treasuries - study

SunGard has observed a transformation in treasury as the role of treasury professionals expand beyond cash management to these key areas. To help address these complex activities, SunGard provides technology that helps corporations manage risk, bank commu

StanChart sees 25-30% growth in pvt banking in 2012

The bank is looking at leveraging its corporate and SME (small and medium enterprise) clients to increase the private banking customer base.

Banks to continue strengthening in 2012, but sensitive to global economy - Fitch

The ratings agency expects moderate credit growth in the region in 2012, with those countries with a better economic outlook - particularly Panama, Costa Rica and Guatemala - expected to show the highest credit growth.

Our challenge for 2012: Get Americans working

For decades, the rich have claimed a far larger share of the nation’s bounty than the rest of us, and now we see the consequences.

Financials hold key to Wall Street revival

With healthy banks widely seen as essential to economic recovery, there is concern that US equities will struggle in 2012 unless financials break out of their deep slump.

French banks 'cutting US staff'

A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.

Goldman Sachs puts Hollywood holding up for sale

Sale of the company, which was first reported by the Financial Times, would include Canadian and other rights to a library of more than 11,000 films, as well as Canadian distribution rights for pics from Relativity, Lionsgate Entertainment, Focus Features

Top US lenders brace for new tax rules

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US regional banks struggling to achieve revenue growth

Last month Fitch Ratings said that U.S. government financial support for banks is declining, arguing that future bailouts will likely be restricted to just eight lenders it regards systematically important. Fitch believes the government currently has the

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