Managers of Wealth Americas

Why European banks exiting U.S. wealth management matters

This could have implications for the careers of everyone in the industry.

Barclays Sees Deutsche Bank Exit as Chance to Win Mexico Clients

Barclays was Mexico’s seventh-biggest bond underwriter last year with involvement in $1.8 billion in debt placements

Top investment banker dies of heart attack

'His contribution to our business was significant, and his warmth and generosity was well known among his clients, colleagues and friends'.

Geithner Gets JPMorgan Credit Line to Invest With Warburg Pincus

Top private-equity managers are often expected to pony up many millions of dollars for their new funds, to show investors that their interests are aligned.

Wells Fargo Denies Report of Deal Talks With Credit Suisse

The newsletter didn’t cite the source of its information.

Bank of America Merrill Lynch Community Development Banking Has Record-Setting Year, Lending and Investing More Than $4.5 Billion in 2015

Served as Investor, Lender in SF-RAD, Its Largest Single CDB Deal

Deutsche Bank Is Planning to Cut Half Its Team in Brazil

At least four directors and a vice president were let go Tuesday

RBC Employees and Retirees Raise Record Funds for Canadian Communities

Today, United Way Toronto & York Region announced Dave McKay as the 2016 Campaign Chair.

Chase Bank to eliminate 135 jobs in downtown Milwaukee

The volumes have decreased and we no longer need as much staff as before.

Investment Banking Site in the Italian Language Launched by InvestmentBank.com

Global private investment banking specialists launch a new site designed to match opportunities for Italian-speakers around the world.

J.P. Morgan CEO’s 2015 pay package up $7 million

The total compensation is up from his 2014 pay package of $20 million though includes less cash and more in restricted stock.

J.P. Morgan Wants Its Employees to Stop Working on the Weekend

100-hour work weeks are not unusual.

Richard Abramson, AllianceBernstein Veteran, Dies at 70

The cause was multiple myeloma, a type of cancer.

Morgan Stanley Cuts Its Way To Profitability As Compensation Tumbles 27%

Compensation at the bank fell 27% in the fourth quarter to $3.7 billion

Morgan Stanley beats forecasts, girds for more cost cuts

Now Chief Executive James Gorman is focusing on ways to cut even more deeply, leaning on technology and increased outsourcing to cut another $1 billion in costs this year.

Morgan Stanley sees 2016 global recession risk as high as 20 percent

A global recession is loosely defined as growth below the roughly 2.5 percent needed for the world economy to keep up with an expanding population.

Morgan Stanley Heeds Investors With Cuts in Fixed-Income Division

The investor spoke on the condition of anonymity for fear of losing his access to the bank.

Goldman fills vacuum in leveraged buyout market with $8 billion fund

Goldman’s GS Mezzanine Partners VI fund has taken advantage of the vacuum to be one of the most aggressive financiers of leveraged buyouts.

Swedroe: Private Equity Not Worth Fees

He cites a recent disclosure by the California Public Employees’ Retirement System

Robert H.B. Baldwin, Who Led Morgan Stanley’s Growth, Dies at 95

The cause was pneumonia.