Managers of Wealth Americas

Morgan Stanley to Sell Global Oil Merchanting Business

Transaction includes inventory and storage agreements; excludes Morgan Stanley’s client-facilitation oil trading business

Steven Elkman, Deutsche Bank Executive at ASPCA, Dies at 68

In 1993, he joined the Baltimore-based investment bank, which was acquired four years later by Bankers Trust

Morgan Stanley Global Private Equity Announces Sale of Creative Circle

MSPE was advised on the transaction by Wells Fargo Securities and Debevoise & Plimpton LLP.

UBS Sets Sights on U.S. Investment Banking Again

UBS AG, which stumbled badly the last time it pushed to expand in the lucrative U.S. investment-banking market, is again seeking to build its business here—though this time with more modest ambitions.

B. Riley & Co. Strengthens Technology Banking Practice with Addition of Team from J. Moore Partners

J. Moore professionals will be based in San Francisco and continue to focus on serving enterprise software companies in rapidly growing areas of the economy, including mobility, Internet of Things, cyber security, analytics, cloud computing, infrastructur

Future is Fixed Income for J.P. Morgan, Citi

The three U.S. universal banking giants have largely stuck with their fixed income trading desks, despite poor returns and a constant flow of litigation

Wells Fargo boxes steady

Europe is a key battleground for Wells Fargo as it seeks to expand its international investment banking business

Citi Launches CDs Linked to Rules-Based Investment Strategy

Citibank N.A. is pleased to provide U.S. investors with access to Market-Linked Certificates of Deposit linked to the Citi Market Pilot 5 Excess Return Index

China’s Haitong in push to double international business

Plans to hire hundreds of bankers across Europe and the Americas to more than double the size of the Banco Espírito Santo de Investimento operation that it acquired last year.

Bank of America reverses course, will give shareholders vote on chairman move

It is unclear exactly when shareholders will get to take the vote

Citi Recognized for Innovation and Achievements in Structured Investments

Bank Recognized as Leader in Two Categories at Annual mtn-i Awards Gala

Obama: We’re All for the Asian Infrastructure Investment Bank

The administration was dealt an embarrassing political blow when the U.K., Germany, France and a host of other Western nations snubbed requests by Washington officials to sit out membership in the AIIB amid questions over the new institution’s stand

Merrill Lynch Named Advisory Solutions Sponsor Firm of the Year

Lorna Sabbia of Bank of America Merrill Lynch Named Chairperson of MMI Board of Governors

Universities Look to Yale for Investment Managers

Demand is product of David Swensen’s success

Bidders circle Russell Investments arm auctioned by LSE

The remaining strategic and private equity bidders include Towers Watson, the US human resources and risk management consultancy, and financial services group Ameriprise, which owns the UK’s Threadneedle Investments.

Susan G. Komen and Bank of America Renew

The Bank of America-Komen partnership has raised more than $6 million since 2009 for breast cancer research and programs.

Investor groups go after US banks’ generosity

They claim outsize payments are going to officials who quit to join the government

RBS Agrees to Sell Another Batch of Company Loans to Mizuho

The portfolio consists of $5.6 billion in commitments

Goldman's Pac Life purchase to boost assets by $US18b

Goldman Sachs Asset Management announced today it has entered into an agreement with Pacific Life Insurance Company to acquire Pacific Global Advisors

Wells Fargo Exits U.S. Retail Electronic Equity Market Making

Competition has actually been ratcheted up lately