Managers of Wealth Americas

UBS Fires Investment Banker

The investment banker denied the allegation and will fight the dismissal.

Morgan Stanley Asia-Pacific Fund, Inc. Announces Information Regarding Reorganization

The Fund is a diversified, closed-end management investment company that seeks long-term capital appreciation through investments primarily in equity securities of Asian-Pacific issuers and in debt securities issued or guaranteed by Asian Pacific governme

Ex-Morgan Stanley Banker Is Leading the Charge Toward Boutiques

May Nasrallah is taking on financial goliaths in the Middle East.

BTG Moves Beyond Volatile Past in Shift That Downplays Trading

Bank emphasizes its asset- and wealth-management businesses

Deutsche Bank makes strides in US leveraged lending

The leap comes as Deutsche Bank and Commerzbank have begun discussions over combining the two largest banks in Germany, as reported by Reuters.

Wells Fargo Further Advances Brand Redesign to Its Asset Management Business

New WFAM brand identity includes an enhanced digital experience focused on helping clients pursue their desired investment outcomes

Citi to Roll Out Digital Financial Planning Platform

The clients’ financial advisors or “relationship managers” will be able to follow the plan and “recalibrate” it based on the client’s changing needs and financial situation, Citi says.

A new Bank of America blockchain patent intends to transform the cash handling process

Blockchain, in particular, has significant potential for transforming the banking industry.

Goldman's China-backed fund bucks trade tensions to buy U.S. firm

The fund invested alongside Goldman to buy Boyd Corp, a Pleasanton, California-based manufacturer of rubber seals and gaskets, for $3 billion last September, the sources said.

Goldman Sachs wants half of new recruits to be women

Managers will be asked to interview two or more "qualified diverse candidates" for all non-entry level associate, vice president and managing director positions, according to the memo.

BNY Mellon Debuts Service to Evaluate Environmental, Social and Governance Factors in Investment Performance

BNY Mellon clients will have the ability to view their total ESG and UNGC scores on equities at the account level versus relevant benchmarks over time.

JPMorgan Chase rolls out checking for low-income customers with no overdraft fees

Chase Liquid customers can keep their current accounts, but new customers will not be able to open a Chase Liquid account moving forward, the bank said in a statement.

Deutsche Bank loaned more than $2 billion to Trump over two decades: NYT

According to the newspaper, in some instances, Trump exaggerated his wealth and promised to reward bankers with a weekend at Mar-a-Lago — his private club in Palm Beach, Florida — in order to get loans.

At Goldman Sachs, the future is half female when hiring workers

Blacks or African Americans represent 5.4 percent of Goldman's employees, and 2.9 percent rank as top executives or managers.

WSFS Bank Organizes Corporate Trust and Institutional Services Under New Name

We have developed a strong and successful national and international business in WSFS Institutional Services, and we are excited to align it more closely with the WSFS brand.

Goldman Sachs is reportedly opening up a secretive investing group to outsiders

The bank is making a push to find new clients in investment banking, start new businesses like corporate cash management and gain share in retail banking activities like personal loans.

Moats Widen for JPMorgan and BofA

We believe the U.S. banking system is much stronger and more stable than it was a decade ago, leaving more room for wide moats among the best-positioned banks.

JPMorgan To Combine Middle-Market Tech, Emerging Growth Banking Units

The group will hawk services to the companies, offering to handle treasury, payments, credit, financing, mergers, and acquisitions, noted the report.

Goldman Sachs relaxes dress code for all employees

Goldman Sachs is relaxing its dress code, as the Wall Street giant moves toward a more casual workplace.

Citi Wins Top Awards for Innovation in Structured Products

Citi was awarded Deal of the Year for the USD1M Multi-Asset Best-of Basket Notes due 2023.

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