12/14/2014
Nixon's Son-In-Law Breaks $70K Vase At Bank of America Offices
Cox knocked over a 4-foot antique vase that was the centerpiece of the room
Investment Banking
12/11/2014
JPMorgan To Charge Hedge Funds On Deposits
Deutsche Bank has also discussed possible changes to its deposit accounts
12/10/2014
What Citi and Bank of America really said about banking jobs yesterday. When to move and forego your bonus
It’s the Goldman Sachs 2014 US Financial Services Conference. Yesterday, both Michael Corbat of Citi and Brian Moynihan of Bank of America made presentations.
12/10/2014
CIBC said weighing bid for LSE’s Russell asset-management unit
LSE is working with Barclays Plc and Greenhill & Co. on the sale process, the people said.
12/10/2014
Boutique Investment Banks Gain Prestige
Over all, independent firms make up eight of the 25 top merger banks.
12/03/2014
CenterSquare Launches Institutional Global Listed Infrastructure Strategy
CenterSquare Investment Management, the real asset investment boutique for BNY Mellon, has launched an institutional investment strategy that invests in global infrastructure via publicly traded companies.
12/03/2014
Wealth Adviser: Morgan Stanley Wins Public Pension Funds From Merrill
Morgan Stanley says it’s more than happy to be benefiting from Merrill Lynch’s decision to get out of the business of advising public pension funds.
12/02/2014
Some bankers to make the biggest bonus killing ever
Some bankers will be wearing big smiles this holiday season - and here's why.
11/30/2014
Former UBS Executive Live-Tweeted Plane Evacuation After Bomb Threat
An American Airlines aeroplane from Barcelona was evacuated early Sunday afternoon at New York City’s JFK Airport following a bomb threat.
11/27/2014
Webster Financial Gets Regulatory Approval To Acquire HSA Business From JPMorgan
On September 23, Webster Financial said it has agreed to buy the health savings account business from JPMorgan Chase Bank, N.A. Deal consideration will be all cash; the purchase price was not disclosed.
11/26/2014
Merrill Lynch and U.S. Trust Sign the United Nations Principles for Responsible Investment
Response to Growing Client Demand for Social Impact Investments
11/24/2014
Stifel to acquire Alabama investment bank
Stifel Financial Corp.today announced that it has entered into an agreement to acquire Merchant Capital, LLC, a public finance investment banking firm headquartered in Montgomery, Alabama, which together with offices in Atlanta, GA and Columbia, SC, serv
11/21/2014
A Super-Tough Question Morgan Stanley Asks Bankers Who Want To Join Its Wealth-Management Team
Morgan Stanley now has the hottest wealth-management division on Wall Street. To maintain that, you need to find top talent.
11/21/2014
Goldman Sachs Fired Two Staff For Alleged NY Fed Breach
Goldman Sachs Group Inc said the confidential information incident on September 26 was immediately reported to its compliance team, regulators and the NY Fed
11/20/2014
Citigroup Risk Executive Miller Found Dead in New York
Miller “was highly regarded at Citi and across the financial services industry as a thought leader and tireless advocate for environmental and sustainable business practices,” bank executives wrote in a memo to employees in his division. &ldqu
11/19/2014
Orcel Facing ‘Hurricanes’ Remodeling UBS on Old Wall St
That was an era before investment banks such as Merrill Lynch & Co. and Goldman Sachs Group Inc. (GS) ramped up borrowing to inflate returns.
11/14/2014
TD Ameritrade Weighs Expansion into Asia
He did specify when a decision might be made on overseas expansion but said TD Ameritrade's management and board are now discussing scenarios for use of excess cash.
11/14/2014
Morgan Stanley deferring more broker compensation in 2015
Grid levels remain unchanged, but a greater portion of payout will be tied to vesting requirements, company stock
11/13/2014
Merrill Lynch 'goals-based' accounts to reach $200 billion milestone
Consultant says the wirehouse's overhaul of its managed accounts platform fits “fiduciary era”
11/12/2014
Evercore’s Core Value
Investment banking can be a volatile segment of the economy, especially when the stock market is in a state of turbulence itself.