Managers of Wealth Americas

Wells Fargo's profit climbs despite CEO search, pressure from rates

The growth comes despite the fact that Wells Fargo has been missing a permanent CEO since the sudden resignation of Tim Sloan nearly four months ago.

Goldman Sachs earnings slip in Q2

Net revenues were $9.46 billion for the second quarter of 2019, 2% lower than the second quarter of 2018

Steve Cohen’s Point72 loses long-time hedge fund managers

At least five managers have left for rival Citadel, upsetting the billionaire hedge fund manager

BofA considering subscription model for Merrill Edge

The company’s robo advisor added $1 billion in new client assets in the last three months, according to Bernie Clark

Piper Jaffray buys rival investment bank

Merger Adds the Leading Financial Services Investment Banking Firm to the Growing Piper Jaffray Organization

Wall Street Skeptical Of Deutsche Bank's Restructuring Plan

Deutsche Bank has been struggling to compete with other global investment banks and has been hounded by regulators in recent years

Wells Fargo-Favored Mortgage Master Blend Raises $130 Million

Blend digitizes paper processes for more than 150 banks, including Wells Fargo and US Bank

Wells Fargo selling majority stake in real estate banking giant

Wells Fargo will retain a minority ownership interest in Eastdil.

JPMorgan and BAML raise most money for ‘contentious’ companies

First study to look at banks’ underwriting work through an ethical lens finds Wall Street banks have the least scruples

Goldman sees growth in mass-affluent advising, corporate cash deposits

The firm has said it expects about $100 million in expense savings from using a home-grown product to manage its own cash.

China International Capital Expands U.S. Investment Banking Advisory Business

Mr. Ahmed received a Bachelor of Arts in Economics from Vassar College

William Blair Launches “THINKING”

Our Take on Trends that Matter

Bank of Montreal profit up 20 per cent, despite hit from severance costs

Those earnings were weighed down by job cuts, as BMO’s quarterly results included a $120-million pre-tax severance expense for its investment-banking unit.

After the bailout: Goldman Sachs wants to be America’s mass-market bank

The company is also reaching out to the working and saving masses through direct mail, print and video ads, and even billboards, reversing a long period in which, if you had to ask where Goldman Sachs was, you didn’t belong there.

Piper Jaffray Companies Announces Sale of Advisory Research, Inc.

Piper Jaffray has also entered into a letter of intent to sell the remaining Advisory Research business to a partner group led by Matthew Swaim

5 Major Investment Banks Fixed Forex Markets in Secret Chatrooms, Threatened Members

UBS is notably included in this new lawsuit.

Why Goldman Sachs should buy Deutsche Bank

US group wants growth in transaction banking and a German deal could help achieve that

World's Largest Banks 2019: U.S. Takes Aim At Chinese Dominance

Bank of America entered the top-five on the Forbes Global 2000 list, now sitting at #5 due to its strong financials and $272 billion market capitalization now put it just behind Agricultural Bank of China, which ranks #4.

What does a Goldman-owned United Capital mean for advisers?

BNY Mellon Asset Servicing Selected as the Custodian of Microsoft's Treasury Group

The win marks the first change in custodian for Microsoft in more than a decade, and will feature a cross-business solution that will help Microsoft to better manage and automate their portfolio processes