Managers of Wealth Americas

JPMorgan top brass tell trading-floor staff to come back to the office

Like most New York City office workers, Wall Street traders and bankers scattered to the winds when coronavirus shut down the city in March.

UBS plans higher fees to push rich clients out of costly cash

At the end of June, depositors were given six months to decide whether to move a substantial amount of their holdings into investments or use other UBS services or face the increased charges, the person said, asking not to be identified as the matter is p

Merrill Lynch curtails asset managers’ perks for advisors

Previously, third-party providers could pay for meals up to $300 per employee, per event, for a cumulative total not to exceed $1,000.

Bank of America reports $7.5bn profit

Though the profits for H1 2020 showed a decline of 49% YoY, the bank’s performance beat expectations.

Wells Fargo targeting up to 25% of workforce in mass layoffs

Another source who spoke under the condition of anonymity said Wells Fargo was targeting a workforce reduction of up to 25% of staff, or around 66,000 employees.

TD enters into North American data-access agreement with Intuit

New agreement signifies alignment between TD and Intuit about access to customer financial data

Banks eye layoffs as short-term crisis ends, long-term costs emerge

Bank staff could shrink by an average of 5-10%

JP Morgan set to challenge the challengers with 2021 UK bank launch

JP Morgan will launch the bank under its Chase brand, which is a household name in its native US with over 51m customers and deposits of over $700bn, but remains little-known in the UK.

Investment bank critics swing and miss

No excessive risk taking, no outsized bets, no more monster trading desks.

JPMorgan American Investment Trust Keeps Payout As Net Assets Increase

JPMorgan American said it is aiming to pay out a total dividend for the financial year of at least 6.5p per share, unchanged from that paid in respect of the 2019 financial year.

Big banks hire 19,000 with pandemic boosting demand for services

For the past decade, big banks have consistently cut jobs following the 2008 financial crisis and ensuing global recession.

JPMorgan revamps shareholder activism defense practice -sources

Hunker, who had worked at JPMorgan for 16 years, will join Ernst & Young and lead the professional services firm's push in advising boards on shareholder enragement, three people familiar with the matter said.

Goldman Sachs building M&A dealmaking app as socialising dries up

App breaks down how different divisions of companies perform relative to peers

CNB-TrustBank strategic wealth management partnership

The Strategic Partnership will give Citizens National Bank’s customers access to innovative wealth management services and TrustBank’s team of uniquely qualified individuals who will comprehensively and effectively manage the accounts.

TD Announces Results of Conversion Privilege of NonCumulative 5-Year Rate Reset Preferred Shares, Series 7

The Series 7 Shares are currently listed on the Toronto Stock Exchange under the symbol TD.PF.D.

Goldman Q2 Wealth Revenue Jumps from 2019, Falls from Q1

Client assets under supervision in the Consumer & Wealth Management division rose 14% from the year-earlier quarter and 10% from this year’s first quarter to $558 billion.

Banks are hauling in ‘big fees’ from debt and equity underwriting during the crisis

More banks will report earnings this week

Stout Announces Intellectual Property Advisory & Transactions Services

Stout welcomes Managing Director Mitch Rosenfeld to lead the practice.

Bank Lending Under Pressure As Investment Banking Booms

It’s currently unknown whether the banks believe the programs will offset potential losses, rather than only delaying them — the banks’ responses to their observations on what they’re seeing beneath the headline trends will be scru

Bank of America’s Brian T. Moynihan Named Chief Executive Magazine’s 2020 CEO Of The Year

Honored by his peer CEOs for his long-term corporate leadership and his stewardship of the global financial system in a time of crisis; Moynihan joins list of legendary executives including Gates, Welch, Dell, Mulcahy, Bossidy and others.