Managers of Wealth Americas

Euromoney names the world’s best banks in its 2018 Awards for Excellence

Bank of America and Citi win top prizes; Credit Suisse’s Tidjane Thiam is named Banker of the Year; Asian banks make their mark in global awards.

Tiger Global Management builds $1bn stake in Japan's SoftBank

The Tiger Global Investments hedge fund and the Global Long Opportunities fund built the stake over the past few months.

Deutsche Bank fails Fed stress test while 3 US lenders stumble

The Fed also placed conditions on three banks that passed the test.

Goldman, Citi hunker down as trade war hits emerging markets

Investors are increasingly paying heed as the US prepares for a trade war

Nomura Is Said to Cut 28 Global Markets Jobs in U.S.

Nomura plans to work on reducing costs abroad while investing in profitable areas, co-Chief Operating Officer Toshio Morita said at an annual shareholder meeting in Tokyo on Friday.

Easy transatlantic pickings come to end for US banks

An FT analysis on how investment banks have fared in the decade since Lehman failed showed the top five European investment banks suffered a 5 per cent fall in sales and trading revenues and a 53 per cent fall in group-wide net income.

Paul Tudor Jones, Goldman Sachs launch ETF focused on ESG investing

Environmental, social and governance issues, or ESG, is a hot topic in asset management, with an increasing number of institutional investors like pension funds and endowments keen to burnish their credentials as conscientious long-term investors.

New MUFG unit's goal: Get more tech clients

Davidson, who has been with MUFG since 2012, will be responsible for growing a global team of bankers that focus on deepening existing relationships and increasing the group’s roster of technology clients

BofA said to tap brakes on risk, spurring banker departures

The firm has become more selective when asked to advise potentially thorny deals, and it's easing off certain overseas markets, they said.

Morgan Stanley Honors Technology Partners Delphix, Illumio and Qualtrics with Innovation Award at 18th TechWeek & CTO Innovation Summit

“Innovation is deeply embedded in Morgan Stanley’s DNA and crucial to driving our business forward,” said Robert Rooney, Morgan Stanley’s Global Head of Technology."

Abraaj expands role of Houlihan Lokey as creditors circle -sources

The Middle East and Africa’s biggest private equity fund, which denies any wrongdoing, has been seeking a buyer for the unit as it tries to alleviate pressure from investors and creditors.

CEO Brian MCEO Brian Moynihan Overhauls And Streamlines Bank of Americaoynihan Overhauls And Streamlines Bank of America

This past quarter was no exception.

The number of new banks in America has fallen off a cliff

One brave soul in Texas shows that it can still be done

Top banks' first-quarter commodities revenue jumps 48 percent - report

“Significantly higher U.S. power and gas results were driven by improved market conditions and some one-off transactions,” Coalition said.

Citi Appointed Successor Depositary Bank for YY Inc.’s Sponsored ADR Program

“Citi is proud to be appointed by YY as depositary bank for its ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi

Morgan Stanley Bank, N.A. Receives Highest Rating from Office of the Comptroller of the Currency for Community Reinvestment Initiatives

The nation’s only bank-sponsored Impact SBIC promotes economic development with a focus on low- and moderate-income communities and rural areas.

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