Managers of Wealth Americas

Goldman curbs bankers' compensation even as revenue surges

Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control.

JPMorgan sets aside $1bn as penalties loom

Tom Braithwaite and Camilla Hall in New York and Daniel Schäfer in London

Bankers’ bonuses unlikely to boom

Investment banking executives and recruiters say bonuses for 2014 are shaping up to be in line with or slightly better than last year, dampening expectations of a return to big paydays despite a jump in local capital markets and merger activity.

Morgan Stanley Bankers Poised for Biggest Bonus Bump

JPMorgan’s fixed-income trading revenue fell 14 percent to $10.6 billion in the first nine months of 2014, the steepest drop among the five largest Wall Street banks, according to data compiled by Bloomberg for the first half and analyst estimates f

Has Goldman Sachs run out of moves?

An analysis of its recent performance reveals that Goldman is nowhere near the champion of old.

French banks see opportunity in the US

We will continue to grow where we are already strong, such as in equity derivatives, but also re-expand our footprint not just in Europe but also the US and Asia

Mizuho Said to Selling $1 Billion in Buyout Fund Stakes

Mizuho decided to sell the stakes because of the Volcker Rule

Is JPMorgan Chase One of the Best Companies in America?

JPMorgan Chase is America's biggest bank with more than $2.5 trillion in assets on its balance sheet.

Lazard Asset Management Launches Two Open-End Mutual Funds

Lazard Asset Management LLC today announced the launch of two open-end equity funds, expanding LAM’s international and global fund offerings.

ING Name Vanishes From U.S.

ING Financial’s broker/dealer and remaining businesses all rebrand under Voya Financial

How Goldman Sachs and McKinsey keep a steady flow of Ivy League recruits

It’s easy to imagine that the well-trodden path from the Ivy League to Wall Street has always existed.

How to get paid more for managing money and still give investors what they want

The requisite tax was payable even if the manager did not even take the money out of the fund.

Wall Street Woos Young Workers as Business Picks Up

Wall Street firms are hiring more junior bankers and giving more interns full-time jobs this year.

Nomura Seeks to Hire Investment Bankers in U.S. to Boost Fees

Nomura Holdings Inc. is seeking to hire investment bankers and expand industry coverage in the U.S.

Investment banks use honey, money and worry in attempt to retain juniors

Investment banks are using both the carrot and the stick to ensure that their junior talent doesn’t depart for rivals, hedge funds or private equity firms

Espirito Santo Bank hires investment firm to facilitate sale

Espirito Santo Bank presents an excellent opportunity

Goldman Plans Smaller New-Partner Class

A handful of outsiders are hired annually with that title.

Harold Tiernan, banking executive and history buff, dies at 66

A defining quality of Harold F. Tiernan, a retired banking executive, was his perseverance in the face of adversity, his sister recalled Monday, including the devastating quickness of the illness that took his life on Sunday.

Bank of America may relocate HQ to Boston – Bove

Montag, a former Goldman Sachs Group Inc. GS executive, joined Bank of America when it bought Merrill Lynch in 2009

Wells Fargo launches accelerator programme to support fintech start-ups

The company will select up to 20 start-ups that develop products for payments, fraud and operations.

Investment Banking