Managers of Wealth Americas

Wells Fargo pledges $60 million for worker re-entry program

Ten percent of new hires annually in the U.S. have previous convictions with no bearing on their role, the bank has said.

Bank of America CEO flags effects of higher capital requirements

U.S. banking regulators are expected to unveil on Thursday a sweeping proposal for stricter bank capital requirements.

TD Asset Management Inc. Announces Changes to the TD One-Click Suite of Exchange-Traded Funds

All of the changes described below will be effective on or about August 31, 2023.

Banco BPM announces agreement with Simest for financing Fund 394

The aim is to expand the number of businesses served, especially SMEs, by leveraging the widespread presence of the banking channel in the territory.

Bank of America profit jumps on boost from interest income, investment banking

BofA shares rose nearly 1% in premarket trading after the results.

Bank of America's profits jump 19% on strong Wall Street showing

The results from the nation's second-largest bank are the latest demonstration of how the diversity of some of the largest US lenders are helping them thrive even as smaller regional banks struggle.

Morgan Stanley profits drop 14% on Wall Street slump

Revenues for trading equities and fixed income fell 22% from a year ago and more than 19% from the previous quarter.

The nation’s biggest banks are gearing up for more consumer struggles ahead

Earnings Watch: Netflix and Tesla also report, as Hollywood shuts down and EV ‘euphoria’ fades; Results also due from Goldman Sachs, American Express

Investments in FXCM are being recovered by Jefferies

Jefferies intends to recoup a loan made to FXCM; a company controlled in part by Global Brokerage.

Bank of America Announces Plan to Increase Quarterly Dividend 9 Percent to $0.24 per share

The increased quarterly common stock dividend is subject to approval from the Company's Board of Directors.

Bank of Montreal tops the performance table

A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance. Joy Macknight reports.

Mizuho on U.S. hiring spree with top 10 underwriting goal in sight

Mizuho also wants to cement its position among the top 10 corporate bond underwriters in the U.S.

BofA, Citi ask Fed to clarify bank stress test results

BofA's own analysis implied a worse result than the Fed's test last week, Piper Sandler analyst R. Scott Siefers said in a note published on Monday.

Japan's top lenders in fresh drive to win US investment banking deals

Our strategy is to make better use of our balance sheet and boost returns on risk-weighted assets.

Credit Suisse appoints investment banking management committee

The committee will be supported by other executives such as investment banking CFO Tony Bullman and Chief Risk Officer David Krauss.

Clear Street to Launch Investment Banking Business

Upon regulatory approval, the business will provide strategic advisory, transaction, and creative capital solutions to emerging growth companies.

At JPMorgan, Goldman and Cowen, layoffs mount

Goldman reportedly cut 125 managing directors, lending credence to earlier rumors of a third round of right-sizing at the bank.

JPMorgan, General Dynamics board member Jim Crown dies in accident

He was on JPMorgan's public responsibility and risk committees.

BNY Mellon pushes ahead with diversity funds despite ‘anti-woke’ backlash

Boutique strategy allows bank to offer a range of approaches to ESG

Investment banking has gotten so bad even the lawyers are making more money these days

There are several factors affecting the rise in lawyer pay, as outlined in the story, but perhaps more interesting is how compensation for bankers hasn't risen.