05/09/2019
Brazil's BTG Pactual considers spinoff of EFG stake
The Swiss private bank currently drags profitability and makes it more difficult for investors to understand BTG’s business, Dantas added.
Investment Banking
05/07/2019
BNY Mellon and AcadiaSoft Team Up to Solve Last Piece of Collateral Puzzle
While already utilizing AcadiaSoft for margin messaging, BNY Mellon now becomes the first collateral outsource provider to support the IM calculation and reconciliation needs of clients that fall within the scope of the non-cleared margin rules.
05/03/2019
As Goldman Chases Smaller Clients, Some Doubts and Early Wins
‘Don’t you have more important or bigger potential clients?’
04/30/2019
Former $6 Billion Morgan Stanley Team Goes Independent
The new firm is partnering with the Dynasty Financial Partners wealth management network.
04/26/2019
The Bancorp, Inc. Reports First Quarter 2019 Financial Results
Impact from all these initiatives should mostly be felt in increased revenue growth as expenses remain rigorously managed and reengineering has improved productivity and reduced unit costs in many areas.”
04/26/2019
U.S. may mull cutting debt issuance: Bank of America Merrill Lynch
The issuance reductions could be up to $4 billion for each of these maturities, they said.
04/17/2019
BNY Mellon profit falls 20 percent on lower fee revenue
Bank of New York Mellon Corp reported a 20 percent fall in quarterly profit on Wednesday, as the world's largest custodian bank's fee revenue declined.
04/17/2019
BNY Mellon
During the quarter, we generated more than $900 million of earnings and continued to return a significant portion of that to our shareholders.
04/12/2019
JPMorgan Chase earnings rise, upbeat on US economy
A key factor was increased net interest income
04/11/2019
For the third year in a row, hiring and developing talent is the top business challenge for elite advisory firms: The 2019 Elite Advisor Poll
For the majority (59 percent) of executives responding to the poll, the main challenge in hiring women and ethnic minorities is the lack of enough qualified talent from these pools.
04/11/2019
Investment banks, asset managers shedding jobs
Over at JP Morgan Chase & Co, about a hundred staff in its asset and wealth-management division have been told to go in late March after a periodic review of staffing.
04/10/2019
UBS Fires Investment Banker
The investment banker denied the allegation and will fight the dismissal.
04/09/2019
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
04/07/2019
Ex-Morgan Stanley Banker Is Leading the Charge Toward Boutiques
May Nasrallah is taking on financial goliaths in the Middle East.
04/05/2019
BTG Moves Beyond Volatile Past in Shift That Downplays Trading
Bank emphasizes its asset- and wealth-management businesses
04/05/2019
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.
04/05/2019
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
04/01/2019
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.
04/01/2019
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.
03/29/2019
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.