Managers of Wealth Americas

Bank of America to offer paid sabbaticals starting next year

Employees who have served 15 years at the bank can take four weeks, with an extra week for 20-year vets, and a sixth for those with 30.

JPMorgan warns of up to 50% drop in investment banking fees

Gloomy outlook underscores Wall Street anxiety over global economy and debt markets

Bank of America enlists thousands of employees for wealth lending groupBank of America enlists thousands of employees for wealth lending group

The new organization will underwrite wealthy clients' margin loans, securities lending, mortgages and vehicle loans.

Bank of America targets Miami with "zero down" mortgage program

BofA also has a separate but similar program, launched in 2019, that offers down payment grants in 69 markets across the country.

Standard Chartered Leaders Recognized on 2022 Heroes Women Role Model Lists by INvolve

Six colleagues celebrated for championing women in business and driving gender diversity in the workplace

BofA to Unveil Formalized Work-from-Home Policies

BlackRock, meanwhile, has already ordered all its employees to be at the office at least three days a week.

The JPMorgan bankers trying to stop big cuts at Credit Suisse. Terror on the trading floor as Bloombergs are at risk

But there is also apparently a strong faction, led by former JPMorgan star Blythe Masters, prepared to make the case that it’s a bit more complicated than that.

Bank of America invests more in its digital channels

Bank of America spends USD 11 billion on technology every year, including USD 3.6 billion set aside for new initiatives.

Citigroup says it will close Russian consumer business

Citi joins other major Wall Street players which have also shut or announced plans to close operations in Russia, in line with sanctions imposed by Western countries.

Here's what Goldman, J.P. Morgan, BAML and Morgan Stanley pay in the U.S.

That will mean lower bonuses for 2022, but all have hiked salaries considerably for junior talent, which continues to be in demand.

Amundi US Expands ESG Offerings with Amundi US Equity ESG Improvers SMA

This ESG Improvers strategy may appeal to US investors looking for a core ESG holding with the potential to participate in the upside of companies that are expanding their focus on ESG.

TD to Expand its U.S. Investment Banking Business and Capabilities with Acquisition of Cowen Inc.

Acquisition will create an integrated North American dealer, significantly accelerating TD Securities' U.S. growth strategy

Goldman Sachs, JPM, Morgan Stanley hiring from Credit Suisse

In June, David Krap, Credit Suisse's EMEA head of technology media and telecoms M&A went to JPMorgan.

Citigroup : Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America

Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America

Jefferies Dumps Last Vestiges of Leucadia’s Merchant Bank

Leucadia agreed in late 2012 to purchase Jefferies for $2.8 billion and install Jefferies management as its top executives.

Capital Clarity Celebrates Three Years of Excellence in Investment Banking

Capital Clarity combines the best of big bank and strategic experience with a bespoke, focused and agile boutique platform.

Citi makes strategic investment in Illuminate Financial

The deal makes Citi a limited partner in Illuminate Financial’s venture capital approach.

Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth of UAE capital markets

Collaboration leverages BNY Mellon's global capabilities with Emirates NBD's regional expertise and deep footprint in the UAE market

Global investment banking fees fall 31% to three-year low

JP Morgan maintained the top spot for investment banking fees earned during the first half of 2022 with $3.8 billion

JPMorgan's senior rates traders keep leaving

Hallgrimsson, who was based in London, left the bank after nearly 20 years. It's understood that he quit for personal reasons.