Managers of Wealth Americas

Flow of private equity deals in Florida slows

The lower volume of private equity deals doesn’t necessarily mean that the alternative lending source has dried up in Florida

ISS Urges Shareholders Vote to Strip BofA CEO Moynihan of Chairman Title

Technically, investors will vote on whether to ratify bylaw changes to allow the bank to have a "lead independent director"

Bank of America Board Under Fire for Combining Chairman and Chief Jobs

The move by the board last October angered some shareholders, who have said the positions needed to be remain separate to ensure better management.

Bank of America to Use Advanced Approaches for Capital Requirements

The approach that yields the lower ratio is to be used to assess capital adequacy.

Here's the letter Jefferies' CEO sent out after one of the bank's trading desks got hammered

A little has been written about one of our own trading desks and comparable desks at other firms.

Bank of America Merrill Lynch Opens a New Office in Rio de Janeiro, Expands Reach in Brazil

Our expanded presence on the east coast is also a testament to our long-term commitment to serving clients in Brazil – and the wider region – with the full scope of our platform

Investment banks outshine parent groups

Some of the returns are hard to compare because of the variability in the way banks allocate capital and expenses

New patent helps RBC enter mobile-payment battleground

Mobile payments technology has emerged as a key battleground among banks and technology companies as consumers show a keen interest in using their smartphones as wallets.

Citi aims to boost equities franchise amid industry shakeout

It will be tough to dislodge leaders such as Goldman Sachs Group, Morgan Stanley, and JPMorgan Chase & Co, that have long dominated the business.

BNY Catches Up With Pricing Backlog

Bank says net asset values for funds complete through Friday

BofA investors to vote on Moynihan roles

Several big investors seem poised to vote against the recombining of the roles.

First Data chooses Citigroup, Morgan Stanley to lead IPO

The initial registration statement that was filed on July 20 did not list which banks would underwrite the issue.

BTG Pactual Chile Cuts 10 From Wealth-Management Unit Workforce

We did an adjustment in the wealth-management unit in order to fortify our regional composition and to update our structure for the integration with BSI

Wells Fargo plans to hire investment bankers

The bank would like to add a few investment bankers in equities underwriting, as well as others who call on technology and healthcare sector companies

The Hot Thing for Wall Street Banks: Capital-Relief Trades

Tactic flatters their capital positions without raising extra funds

KPMG Corporate Finance Adds Energy Practice From Investment Bank Ewing Bemiss & Co.

This energy industry addition follows the June 2014 acquisition of St. Charles Capital by KPMG CF.

J.P. Morgan Expected to Settle With SEC on Investment-Steering Case

Settlement could be announced in coming weeks

Morning Coffee: Bob Diamond’s empire building, when investment banks’ interns rebel

Not such a big deal, you might think, but the suggestion is that Diamond is eyeing up stakes in other trading businesses, some of which may even be sold by large investment banks.

Goldman to Buy GE Online Bank With $16 Billion of Deposits

The acquisition won’t include any physical assets, and the only financial assets are cash associated with the deposits

Citi’s Bad Bank Was Good Experience for Corbat

The challenge, though, was finding someone to run a bank unit whose main purpose was to eventually go away.

Investment Banking